I agree their is more hope now and certainly we are closer to getting some important news. TPL, flow rates, reserve upgrade etc. All with 3-6months probably. And they 'should' re-rate JPR to a degree.
But how many shares will be on issue?
Why is the market reacting positively to a UK investment. Will it benefit us in anyway? or just dilute us? Atleast if it was to Aussies we could hopefully participate.
I guess we all knew a capital raising was coming. Maybe the market is happy that its officaial and hopefully over and done with soon.
The higher we push the price, the better price will be for raising.
JPR Price at posting:
73.5¢ Sentiment: Hold Disclosure: Held
