Agree skyrocketer, although it does look like some are going to risk their holdings and give it a go. Great if they can pull it off but chances are very slim, IMO. Could potentially decrease your holding if all is positive with this well. Think about it for a moment, if you think this SPP will be worth subscribing to then selling now is most likely the opposite of what you should be doing, unless of course you think it's not going to be worth it, then by all means. With positive results and a large gain to be made by subscribing you will be very surprised at how resourceful shareholders can be when raising funds to participate and this would be massively oversubscribed. The thing that i find interesting is that the majority are saying this is a done deal and don't want to consider any alternative view on JW-1 being anything but a large commercial well. So where are the buyers? I mean if you think it's just a formality then really there's no better time than now, yes you get a "free look" with the SPP but if results are as good as the punters think then you'll only be getting crumbs, the "sophisticated investors" get first go at the trough as per usual, yet we the LT holders are being "rewarded", perhaps a CTP issued leather jacket may have been a better way of doing this, if infact this is a "reward" as i still find that a little hard to believe :)
CTP Price at posting:
49.0¢ Sentiment: None Disclosure: Held
