diluted interest

Those like me who brought in at over 7 cents, we will IMO never re-coup our money.

Soon there will be over 500,000,000 shares on issue.
Even with Cadloe possibly going ahead there will be mkt cap of say $18 m. So that's roughly 3.6 cents per share.

$18 m based of the experts NPV of $22 m plus a further 'state of the mkt discount' I guess the NPV includes PKO need to raise capital to pay for Venturoils development cost of $10 million at the time of spudding the first Cadloe well. I reckon PKO sp will either get caned at cap raising time to pay for Venturoils $10 m; or diluted with Alberts buying further in to this company.

In March the sp rose temporarily to 3 cents and now realistically down to 1.5 cents. Some brought in earlier this week at 1.1 cents.

I dont know why I didnt do the sums back in March, because that was a prime selling opportunity at 3 cents.