yes i've read all of the announcements, a lot more closely than...

yes i've read all of the announcements, a lot more closely than supposed shareholders on HC

"It talks about PROFITS. That's the expectation of our major investors.

Their way out is most likely when a takeover bid is make for the company."

the profit royalty is simply cream on top for TPG - they were dealing with a distressed asset / company and would have been able to demand pretty much anything.. TPG makes their money by having the debt facility secured over the assets and the 20% interest rate that is being applied - they won't expect to receive anything from the royalty

TPG likely have a similar financing arrangement with hundreds of other companies.. they don't expect them all to be profitable.. over such an investment portfolio they only need 1 or 2 to actually pull through to generate a super return.. on the rest of the crappy investments they make the simple 20% p/a which more than keeps the lights on

"The only evidence that I can share is from TPG, Korda and Directors expectation that they will produce gas in commercial quantities."

then i honestly feel sorry for you, having not done any of your own independent research.. plenty of other financial companies with astute personnel make poor investment decisions.. ANZ put more money into Forge, and then a few weeks later pulled the pin on the company.. optimistic Forge shareholders were singing similar tunes

be assured, TPG are protected through the security they have over the assets.. shareholders are always the ones ultimately exposed

"You can keep on talking about the past. I'm only interested in the future."

there is a saying somewhere about ignoring the past and it repeating...

anyway, this is futile.. there are some on this forum that are naturally inquisitive - others would believe a company if it said the sky was green and they were developing genetically modified pigs that could fly