Ann: Placement raises $560,000, page-16

"As the old saying goes..........at the speculative end of the market it's all about Director's salaries."
One need look no further than nwe ,or ego to prove you wrong.

Its my contention that the old saying is,when nothings "happening" bitch about something,anything,the directors and their salary's are an easy target.

" Full ownership" of the permit,will be a catalyst for a re-rate.

While the permit is on a potential "sea of oil & gas",its got issues no infrastructure and a wet season.
Its my belief that their(managements ) instigated strategic alliance agreement with LNG is a far sighted one.
One need look no further than the distance to the coast,some 170 ks versus bru's 600 odd ks to the Pilbara.
The economics of an LNG export Terminal (with an export price) would be far superior to a local price IMHO.
Once the legal stuff is out of the way,with some clear weather management will be able to farmout the permit,one trusts satisfactorily.
All the while the potential is there for a buyout at a premium.

Raider