boz Good post. Appreciate your optimism ! There's a big...

boz

Good post. Appreciate your optimism ! There's a big difference between genuine optimism and blatant ramping.

Is the financials based on 100% or 50% of Derby ? I don't know.

In regard to the Lind facility I beg to differ slightly. Is that going to continue ? I don't know. What I do know about Lind is that the funding is a vulcher type funding arrangement. Lind receive discounted shares for cash. Lind need liquidity to sell the discounted shares on the market and make a profit. Lind have no interest whatsoever in OBL as an investment proposition.

If Lind cannot sell their shares on market due to liquidity drying up I feel they may want to pull the pin because there would be no longer any benefit for them. There's usually so sort of get out clause as vulcher funders have done all this before and are aware of liquidity risks. On the other hand if Lind believe they can still sell their shares on market and make their quick profit then everything will continue as it has for years. Directors will be happily paid their salaries, admin costs covered, the company remains solvent and shareholders continue to be diluted.

If Lind pull the pin the remaining cash will dry up pretty quick even with Directors cutting their salaries. There are other vulcher funders around but I don't believe they would be interested because they need liquidity to make their money.

If or when directors no longer have the means to pay themselves that will be it. It will happen fast.

I have no doubt the Derby block will be fully exploited one day. What I don't know is by who, that's all.

Sorry about the less than optimistic opinion on Lind. If you can throw back an optimistic and realistic perspective on Lind I would be happy to hear it. I would love to be optimistic about the Lind funding if that's possible.