Maybe JH plans to release good flow rates, before lifting the trading halt, but even then you'd think the capital raising would come in after the markets factors in the potentially good results (without the thought of a cap raising in their mind).
Optimistically part of me is hoping that they've located commercial oil and want to drill the living daylights out of the surrounding area; although it does bring me back to the question as to why release it before flow rates are out.
I'm very eager to see how the company justifies this announcement (the release time); I guess we can only hope.
CTP Price at posting:
52.5¢ Sentiment: LT Buy Disclosure: Held
