pattersons have not sold anything yet, page-3

I think they will stick like glue - remember WR said at the AGM that they had been around (as in ' in on YML') for a long time. Their valuation is conservative compared to the DJ's one and not banking on any upside in proven reserves.
I was a bit worried initially seeing the price of the placement - but its just more cash to play with, some tight hands on the shares and not much of a dilution . Not exciting, but all good IMHO. A