Bit unfortunate about how the results were released but by law they had to state any market sensative results, even though Niton results are not JORC compliant, they still had a duty to report the results.
The placement I feel should have been deferred to the results were all in though, as looks opportunistic.
TO me this a chairman issue not a MD issue.
I know its premature but I got an after tax NPV of $650M for Cascavel obviously had to make some very rough assumptions.
OGX Price at posting:
19.8¢ Sentiment: None Disclosure: Held