Ann: Letter to Shareholders - Update on Landbridg, page-12

re: Ann: Letter to Shareholders - Update on L... Well, we have an "inadequate bid" of 36c and a broker valuation of 49c.

I'll be out if we get a 4 in front of SP.

Looks like we can make $20-$25m NPAT for 20 years?

I guess LT growth in SP will come down to what will management do with the revenue as we don't have much upside other than what we got the GSA for.

The junior O&G sector is very very patchy. Its a stock pickers market only.