new major shareholder - the plot thickens, page-15

I think it is wishful thinking to believe that Sentient are in this on their own. They clearly had a very tight relationship with QGC having bought in at $0.25 and ridden it all the way up. Furthermore, one of Sentient's Directors was on the Board of QGC. An earlier poster used the term 'warehousing'- I'm guessing that, when the time comes for BG/QGC to make its move on VPE, Sentient will be one of the first parties to commit its shareholding giving BG a pretty good leg up from its existing 15%.

The silence from JK regarding the need for the placement is deafening. With the imminent drilling of the 'banker', Growler 5, there was always going to be some sp uplift and after that would be the time to raise additional funds if required.

Happy to see the sp growing up but we should be under no illusion that an offer at $0.25 or 0.30 is a good result just because it is at a premium on the recent sp. An independent expert report would surely bear this out.