You don't have to wait until the 16th, the SPP is done, only the notification left to do. You can sell your current holdings now.
I reckon there will be a flood of sell orders on the 16th. Hell lot of new shares been issued and no doubt there will many who will want their money back if they can make a quick profit.
Hopefully JEF will look after the loyal supporters and wait till those after a quick profit have sold off their shares then release some really really really good news and watch for a rebound.
A further upgrade of 3P resources and a farm-in by a large company with deep pockets like Kogas or Santos will justify JEF's appointment.
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