happy birthday nwz2, page-13

nathanblack,

I would expect a CR on the success of J-52. Keep in mind the aim of Waterford and JPR as stated in the ASX release; in part:


13 August 2010
"Both Jupiter and Waterford have also agreed that it is important that Jupiter has increased exposure to the European investment community and the new Jupiter Board will explore opportunities to dual list Jupiter on either the Official List or Alternative Investment Market (?AIM?) in London".

What better timing to dual list than in conjunction with a success for J-51 and an announcement that NWZ-2 is a producer?

A CR would be necessary to produce shares for the dual list. Existing shareholders should benefit from the new exposure to the 'European investment community'in spite of the dilution imo and, more importantly, in the opinion of Waterford; otherwise, why would they want to dual list?.