Ann: $5m Placement to Advance Windorah Gas Project, page-86

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Kipper01

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05/03/19

08:01

Post #: 37651923
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Originally posted by TShirt ↑

There seems to be a lot of naivety on the thread regarding management and the CR. A company will first do what it needs to do within the law to progress the business.

As retail shareholders we are along for that ride pure and simple. Generally shareholders are rewarded where the business succeeds over time. Those with a short term outlook can be at risk of value loss where a companies actions decrease price or cause a dilution. These periods tend to be short lived and are of no concern to longer holders or the next new holders.

As for any improper motives over the options that's easily refuted. SB sold his OA's as we know. The motivation for which Tully provided background from a direct talk with SB. SB did not initiate investigating the extension of the OA's until after he sold. The reason I know this is that I raised the possibility of an option extension as being a possible and legal option subject to ASX/Shareholder approval with SB after his sale/purchase was completed. That was when the OA extension possibility was initiated. Prior to this it had not occurred to management that this was a possibility. That is understandable as it rarely occurs.

Lets get away from all this nonsensical speculation of poor behaviour.

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Thanks TShirt for your as usual balanced and informed views … Appreciated as always.

Kip

RLE Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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Ann: $5m Placement to Advance Windorah Gas Project, page-86

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