BUY 11.1% 0.4¢ bounty oil & gas nl

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  1. 954 Posts.
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    Karlremb,

    For all those people taking up their full entitlement, most of them will be selling that same quantity for a higher price than the entitlement price of 10c and buying them back at 10c. Why not, as it's money in the back pocket for them.

    It's a pity that the RI completion date has been extended till the 15th Dec, because if it would have stayed at the 10th of Dec as originally stated then after that date you would have seen all the sellers disappear.

    Once that OP gets moving north, I'm sure the SP will go up regardless thereby some holders will make a tidy profit prior to drilling.
    Lookin forward to a prosperous xmas.
 
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