aminex oilbarrel conference, page-9

oke,
i basically agree with your sentiment, however look what has happened to the sp since the rights issue.
Obviously the dilution will effect the directors in exactly the same way as all other shareholders, but thru past experience when SPP"s are placed thru Sophisticated Investors and Institutions, they dump them as soon as they can make a quick dollar and if there are 70,000,000 of these flooding the market you can say goodbye to any profit from your investment for a very long time.
The UK acquisition went way past the 35 days Ken is quoting and if any new transaction comes up they could arrange the SPP whilst Due Dilligence was being carried out, so i do not agree with his reasoning.
I personally would be happier to vote yes to Resolution 4 if in fact the company had progressed the share price, but in fact it is currnetly less than half the issue price and going nowhere.
I will still await the Annual Report due out this week to see if there is any reason for me to change my mind, but at this stage i am still voting NO.
Good luck,
dapper