c.r. in the bag, page-10

hi Auz.

I guess there are three camps at the moment.
1. Those that flat out wont participate.
2. Those that will take up the RI but pay for them by either selling some prior or after receiving their allotment.
3. Those that take up RI and hold.

I am in camp 3 as i want to offset the dilution as much as possible, also been buying a few on market. I think all three decisions are credible based on individual situations. Hard to call where the majority lies and not sure how many sold some prior to pay for RI, if there were a few hopefully it will soften the blow. All in all i think we should see higher prices closer to O2 spudding, 2tcf @ 50%+ COS isn't a bad place to start :)

I know this probably doesn't answer your question, but i think the more ideas tossed around we might get a general consensus. I think we saw quite a bit sold off but there will be more to come and if we hit the target on O2 it wont matter, if that is the case "the only way is up" ;)