Ann: FY18 guidance on a non-recurring gain and impairment, page-12

It is about separating emotion from investing.

There is no such thing as “negatives” – there are simply risks, without which there would be no reward or upside. Risks (so long as they are controlled) are actually a good thing – as we are rewarded with a share price appreciation upon dissipation of a particular risk.

g12m0 is obviously risk averse, and is helping us by pointing out the risks – all of which are valid – so he is not a “negative” poster.

There are benefits of knowing the risks to our investment, before the fact:

1. We can monitor them on an ongoing basis
2. We can understand when they have been mitigated (and can expect to see a share price appreciation at this time).
3. Ensures emotion is removed from our investment.

What has annoyed myself (and obviously others) is that ID refuses to disclose these risks to us until it is convenient for him.

We really deserve to be informed about the risks (that is what the Corporations Act and the ASX Listing Rules are meant to enforce). The fact that we still do not know the capex spend for this financial year, or the expected well run rate curve, or IRR on the wells is mind boggling as it is price sensitive and should be disclosed to ensure that market participants are trading on an informed basis.