decline, page-6

Think about it people, 1 for 10 is going to dilute shareholdings by 10%, so expect about a 10% decline in the price from recent levels, I'd expect low 8's, around 8.2 to 8.4 for this to settle, it'll prob be sold off lower to start with maybe mid to high 7's depending on overall market sentiment.

Yes only a positive announcement will keep this above, and yes, worst time to bring one out as it could have made a much bigger impact a month ago when everyone was expecting it and the SP was sitting around 10-11c. I wouldn't expect it to spike much higher than that on any CSIRO or drill report now. Long way to go before this has any chance of hitting the levels some here have boldly envisaged. Typical oiler really.