Ann: Non-renounceable Entitlement Offer, page-6

Well I called that one pretty right with the shortfall , i felt the company were looking a tad over zealous during last week to get the message out on this and ensure holders took up their allotments and more. I even got 2 mails and have not been a holder for 3 years.
40% gone to underwriters, who I can see flipping well before drill results, they will not be losing a cent on this underwriting and if they have to flip the lot at 2 cents to ensure they don’t, they will..
I am now going to wait for reentry ….during the drill ,before first results now seems the time for me.
Best of luck to all holders here..unfortunately there is going to be an overhang on this now and coupled to some normal derisking on spud, I do not see a massive amount of steam here before drill results are confirmed ( hopefully hugely positive)