still significantly undervalued, page-56

WC: I hope is does bounce for the sake of all those who are sitting in a big loss..


As for the CR being "hyposthetical"

This was one of the conditions on the 2nd page of the announcement

"3. Moby shareholders approving, in general meeting, the farmins to each of Braveheart and
Cornea on the terms announced on 18 September 2009 and Moby raising sufficient capital,
by placement or otherwise, to fund it’s share of the cost of the planned drilling programme
in WA-333-P (the Braveheart well) and in WA-342-P (the Cornea Well);"

it's not a matter of if more likely when!

but I agree with abra: they will wait unti the SP is looking a bit healthier......

anyway good luck with it