Absolute no brainer IMHO...generally excellent management in relation to capital...although they have struggled to get some of the exploration announcements right. I'm happy enough with a placement at a premium, that shows they can drive a hard bargain and have interested parties lining up.
Currently no reason for this to go down (subject to oil price), and every reason to go up with Echuca Shaols appraisal coming up. Also you say Bello...a prime takeover target despite the AZA stake (which might discourage some).
regards
DF
share placement, page-6
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