Ann: Update on 2% Royalty Over Offshore Permit VIC/P47, page-6

Hasn't hurt FAR SH's?

Um. They had so much dilution that when they finally drilled and hit oil, the SP only got to WHERE THE SP WAS AFTER FARMOUT FOR THE DRILL THAT HIT!
I rode FAR from 4.5c to 17c and down again when the Shell CSEM led them to pull out.
It's sad when the SP can't even hit pre-drill highs when they strike it big largely because of dilution.

Hasn't hurt FAR SH's... They added 2 Billion shares to the register between my ride to 17c and finding oil and the ride to 15c.
Let this sink in: If they didn't dilute their registry the SP would have gone to ~62c on finding oil, not 15c!
From my position that's the difference between a 1277% return and a 233% return! They diluted away 82% of my potential profits! That sure as hell hurts!

Of course it's not exactly their fault Shell abandoned the prospect and that it took another few years to get things going but FAR PRECISELY displays the problem with your investment being diluted away, not show it's not a problem!

We don't have to be thankful for any old measly profit!