They won't buy in at 3p now because they want to wait and see what sds finds. Sds can take the risks and capital expenditure and if they discover something good 5p will be a bargain as the sp will probably be 10p plus. Of course this all assumes sds find something but like Kipper says based on the evidence of this deal they obviously feel there is some potential here. I'm holding mainly because my holding in the 1p placing is paltry and its not really worth selling for a tiny profit when a year or two from now could see the sp at 10p (or 0p!).