Still trying to process this 'out of the blue' announcement...well, not an announcement really is it? Strange way to find out.
On one hand, I'm watching all that share price momentum dissolving on the market place - gone from an indicative price of 32.5c down to 29c unfortunately and could slip much further.
On the other hand, taking it all in, despite what seems a very generous offer by Scott to the sophs, how does it stack up to what we would have lost/been dissolved if we had gone the farm out route?
Either way it was going to have a similar outcome on sp imo, and at least this way we retain our 80% holding.
Got to say that the excitement and anticipation re Monday open (Now possibly Tuesday it would seem?) I have been enjoying for the past 24 hours has ebbed somewhat.
Trying to stay positive as the fundamentals have not changed. That drill bit bites very soon.
Just a shame to see the exuberance gone.
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