any news? anything at all, page-12

When I spoke to Neil, I hit him with a few strategic questions and he politely informed me that he could not discuss anything that was currently involving confidential discussions, so much so we didn't have much to discuss. In line with my previous discussions we talked about items that are in the public domain and as I have said previously he either a raving lunatic or a strategic genius.

BUT..... I have done a considerable amount of research and there is a significant amount of upside in what the company intends to do. I believe there are several rabbits that may pop out at any stage and left field is where they will come from.

The main thing that is killing the SP is the time taken to make these arrangements. A great opportunity to top up because if you look at some of the pieces in play, there is some very interesting long term developments that could be game changers. As has been stated before, they are funded!

Here's my take and purely my opinion. There have been discussions with super majors, however the current status is..... find something and we'll be there with bells on. Discussions with farm in partners. Definitely going on but it takes time to finalise the specific details. They have several interested parties. Matter with BOPL, their unwillingness to cooperate will be their undoing, BRU knew what the status quo was with OBL when this agreement with BOPL came out, which is why they aren't chasing anything from a legal stand point. There is no point, they would only be going after BOPL which would be fruitless as the original arrangement stands.

A threat to the company is a hostile takeover which I am sure that Neil has been strategising to avoid because of the significant value that may lay ahead for the company. I believe OXX is a piece of the puzzle here. Uncle Albers sees a lot more value in maintaining a good stake in the company for its potential value. Which is why the gift of 25% of Derby is some sort of reward. Time will tell how that plays out.

Overall, we can hypothesise all we like. We have no idea whats going on. Things are moving ahead as advised. Neil is very surprised the SP is where it is but displayed no concern as he sees the long term objectives being in the best interest of SH. Either way the long terms prospects are heaps better than a SP of 1.1