re: Ann: Further Extension to Petratherm Ltd ...
Thanks Asf. I agree that 12.5c is not expensive for a long term investor. I'd expect that, as you mentioned, they'd have to get to 14 odd cents for the c.r. to be fully subscribed. Could be wrong though..
Between now and mid October the 'flow' test will be reported on and politically some progress should happen (carbon package starts to get passed?). My questions are:
Do either of these events carry enough sway with the market to push it to 14c? Against the climate of overseas debt fears?
Is this 'flow' test more just a testing of the brines (fluids) in the one hole (Paralana 2) or am I missing something?
PTR Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
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