3 for 1 rights issue at 11.5c + Republic Investment are in for 20c - what do you reckon is fair value when it all pans out after ? 25-30?
With the oil price skyrocketing, if anything comes off this year for them, could it double/triple even?
Any wise thoughts?
Any idea what the "transaction" is they have called a trading halt for?
Typical 15% surge in sp before halt - as usual, news got out yesterday... call me old fashioned, but is that entirely fair dinkum?
Re: previous post - yeah, what is going on with Rockhopper?
I totally agree with you - SO what's causing this to sink like a stone? Lack of risk appetite in general market? Or something more specific to INP? This Singapore bunch who bought 5.2% last week must think something worthwhile is afoot... It bounced to .085 and then back down further within days...
INP company news as leaky as a BP deep water rig ... LOL
- pure hunch, but suspect this is the long awaited absolute bottom... something v pos ++ could be afoot...
Thanks JTLP - are you certain the "placement at 0.10 to raise funds to gain a 5% partnership in the BassGas project" is still going ahead? I thought they had abandon this as they weren't able to bring along a major backer - or will they do a rights issue for the whole amount now?
I can see...
Let me get this right - this lot have money in the bank, are pumping oil and have their hands in some pretty good looking LNG pies with the big boys. Oil's not going downhill from US$80 anytime soon - so what gives? How come one deal gone pear-shaped gets their shares trading at 9c??? Surely...
Would anyone have any information regarding todays suspension? The announcement issued states they do not know how long it will be before they can confirm the Capital Raising. Any idea what the nature of this will be and how much longer it could take?
The rumours of this last week obviously...
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