re: Ann: Letter to Shareholders - Update on L... Good question...

re: Ann: Letter to Shareholders - Update on L... Good question sle,

Nobody seems to be able to put a value on the company, except RBS Morgans who have set a price target of 49 cents.

The thing is, i'm not sure if that price target is AFTER the 45T/J p/Day has been achieved or not.

Their DCF valuation is 63 cents p/share

Remember, with NO GSA, their price target was 40 cents.

A measly 9 cents increased target for this GSA seems like a bad joke to me. Back before the GSA, RBS were saying the GSA would re-rate the company to between 40 - 50 cents with a bullish case GSA set to 72 cents P/S !! I think we have hit the bull case GSA according to the old RBS Morgans report but the share price stays where it is.

Anyone bold enough to put a value on where we should be right now, considering 36 cents in manifestly inadequate?

This letter to shareholders from Rob seems to be the Board shaking their head at the market and possibly an indication the Board are just as confused as we all are.

Rob has tried to spell it out S-L-O-W-L-Y for the more dim-witted investors yet still we sit with a crazy BUY/SELL depth.

I tried playing devil's advocate here, pointing out the need for MONEY NOW but even that has been addressed in Rob's letter. Rob stated words to the effect of even with production staying as it is or only moderately increasing, we are on a winnner.

What will it take to get us moving??

ANNOUNCEMENT!

While drilling the next gas well, Westside found 10 trillion dollars worth of gold bars - just sitting there!!!

WOW !!

Share price is up 2 more cents!!

LOL

What a joke!