going nut, page-44

POINTS,

Yes, i think this is about the SPP.
It is known that a large holder has a 50c stake and the share has basically been valued from there in my observation.
The added pricing is coming from the reality of the size of the reserve (and the dissemination of same over a course of usually 4 days).
Its also coming from a perceived releif from TAX (which is a realistic faith), and which in itself is almost a 50% premium for anyone who would normally expect to pay tax on immediate share profits.

There is then the added premium of future spudding and shut in for proven wells...and the overall bigger picture of how this billion dollar gas bounty is all going to evolve over a number of years.
Its somewhat a nest-egg share for this reason.

In my opinion, expect more of the same tastes - mixed reaction for weeks to come but a growth driven investment over the long haul.

Congratulations to shareholders.

Lautrec