something up?, page-140

Nathan,
Please don't post things I did not say. I have never said a cap raising at 3c is on the cards. You're confusing another stock operationally based in Houston.

A farm-in is the heavy favourite for JPR. They said as much in the quarterly.

Those that are surpised the share price is holding up above 4c need to look outside the square and ask themselves why?

In my opinion, this is a screaming buy at 4c. You cannot ignore the fact that 80M barrels recoverable in the ground is worth more than 50c per barrel. That's riduclulous and astute brokers like Westhouse in the UK know it. That's why they did a discounted cash flow analysis using the payback period to come up with fair value of 22c per JPR share. No brainer for those with a 1 month view. Things are moving along nicely on Block 31.

Sentiment upgraded to SHORT TERM BUY.