Difficult to guess.....depends on what the company have bought, together with how many shares issued....the good thing is that this company has so many positives going for it so the market might just price the sp up by one or two pennies on the announcement....there is also the Georgian well program which is getting closer to spudding which should provide an extra stimulus...
I may be totally wrong but from reading other comments on the other side I understand AU stock exchange rules state there must be a trading halt prior to an announcement which is something we could do with over here imo. The placing is rumoured to be at 17p decided when the sp was about 18p so a fair price at the time. It is hopefully going to be used to increase the stake in the Trinidad oil which is already producing. those faithful followers are seeing this as all good news---I of course hope it is too.
on another subject I've received an email scam trying to get money rather than just delete it I think I should report it--does anyone know who should deal with it? thanks.
theres the RNS. i am glad i top slice y'day can buy back cheaper today. for once i managed to get it right[doesn't happen very often]. now what price to buy back at?
GLA
Alex
edit: topped up at 19.75p could possibly have waited a bit longer but as a long term play not too worried about a 1 or 2p