Painful position, but sensible post. I wonder what those...

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30/10/14

13:21

Post #: 14207707
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Originally posted by graeme6269 ↑

Voters
So do we vote NO for the share issue to make them actually do something. If we give them another load of cash to sit on nothing will happen. They have already said a farm in is the only option left.(So why dilute more the farm in is going to hurt)
If we consolidate the shares this will also give them a chance to go another share issue. Were will it stop again back at .01 after the the consolidation. Name change NO, they need to live with the reputation they have created not raise more funds under a new wonderful company with word class management team ready to drill.
Whats every one thinking, I'm thinking no more loot lets make it happen or fold it. We Cant have them on wages for another 2 years blaming the indo Gov,and end up were we are now. ( 20 times worse off after consolidation and its back down to .1)
So after the 3 month environmental report then what another 3 months seismic. then another 3 months crunching the data. then OOps sorry cant book a drill rig or its the rainy season again.
I'M NO for consolidation
NO for share issue
NO for name change
Lets make something happen, they own shares too and may try a little harder if its going under, not sit back on wages for another 2 years
The rest I can live with
Cheers
Graeme

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Painful position, but sensible post. I wonder what those indefatigable hero-worshippers, Purdy and bukka, think of this strategy?

QPN Price at posting: 0.1¢ Sentiment: None Disclosure: Not Held
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Painful position, but sensible post. I wonder what those...

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