Very well explained LF , The vwap looks like it may be closer to...

Very well explained LF ,

The vwap looks like it may be closer to 12.5c or 13c , especially if there is some more selling tomorrow . Many paid too much in the last couple of weeks .

Approval would be very likely during ( mid ) next week . A trading halt as soon as that comes is likely as the Pareto deal would be in play . This will leave the others not trading either , so it seems DB has got the timing and the prices spot on . Which probably also means the others will float at these prices for one more week . The rig gets handed over next Friday and may be off the Newcastle coast by early the next week . BPH could then be circa 30c , the options 10c into the money , GBA $1.25 , MMR $1.50 , and BUY 16/17c . Just my take on it all at this particular stage .