HI 1954, i say bring on the capital raising because that...

HI 1954,
i say bring on the capital raising because that money
will be used for the next and maybe the next la punta
after that(creating a return),remember M.Fentons comments in Petrolnews to the effect of " we are in discussion with at least 5 and close to finalising several (OTHER THAN LA PUNTA)"

Your thoughts are the same as mine when i first thought of the C/Raising but its NOT TRUE !
If some institutions wanted to buy say 50m bkps,they
cant buy them at .15c let alone .12 because they simply wont be available , even if they did it slowly + surrepticiously they still wouldnt get away with paying
in my opinion less than .30c ,and they know it !Thats
why if their interested they'll do it.The capital raising is
completely cool if its taken out 100% by instos, the odds tip back in your favor if that doesnt happen
At least they wont be in a hurry to sell them for less than .20c if this happens.
Insto cap/rais often push share prices up (against
the basic dilution logic esp when bringing in cash producing aquist) as this can give confidence to smaller
investors , it certainly would give me more confidence
because these guys have the smartest minds and tools
at their disposal.
If i had any spare cash at the moment i would be buying in big time for the reasons above, but i think i'm
going to miss this boat because i think this is going to happen very quickly(i believe bkps in syd today,may have been in melb already or mond).

Also you might want to ask yourself this basic question " is bkp in a better position now with la punta or was it in a better position before ?
We are going to find out the truth of this very shortly
and i hope to god it doesnt pan out your way 1954,
fingers crossed instos take it out.
cheers Carabaea