yikes, So many irons in fires, but those fires are still totally...

yikes, So many irons in fires, but those fires are still totally out. Don't see any reason why you would buy it after reading that corporate update which is a litany of wishful thinking and nothing else.

So can they do accretive deals using Macquaries cheap debt? HELLO, they've had 5 years at least to do exactly that, but they havn't done a thing. Maybe the climate is better and they can now, but still not a lot to hang your hat on there. Incredible to see the E&G complex recover so well in 2016, but yet EEG is down here ..

The rights are offered heavily at 0.001, so please don't anyone pay above 0.009 for the heads. And you can almost guarantee a massive shortfall and the dodgy underwriters, who the heck are they?, will have plenty to sell come 20 Jan and beyond.

Does anyone see a valid reason to buy this here?