Management need to get a move on. If they have a plan for not only themselves but also their smashed shareholders it's now time. I expected the SP to go down after the cap raise. All things considered it was a no brainer. It's the rate of decline at these depressed prices which is surprising. The market believes OBL is a basket case and is pricing it for destruction.
At this current rate of decline we will see .01c in 12 to 18 months unless management actually do something of value.
Nobody knows how valuable OBL's piece of the canning basin is until the gas is flowed and that is years away.
Buyers at .04c and sellers at .05c. I hope the true believers now understand why our salubrious management thanked them for their loyal support. Plenty more painful loyalty required before OBL either succeeds or goes into administration.
Management are truly on the clock now. It is time they justify to their shareholders why they are worth 400K a year.
I am waiting for this monumental event to occur.
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