They have always said they don't need the full $24M from JPROA. Perhaps a zero take up in options but a share price rally in July followed by a smaller cap raising? I haven't written off JPROA but it's a long shot.
BTW, Geoff Gander sold 10M JPROA but did trump up and bought 2,500,000 JPR at 6.2c as did Andrew Childs for smaller amounts...twice! GG still holds heaps of JPROA as do the other Directors. Erkin holds at least 10M.
All our income forecasts are done using $37 per barrel net revenue to whoever thought we were using the full spot price. The poster is on ignore.
JPR Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
