ROG 0.00% 0.8¢ red sky energy limited.

Now now peoples lets not get at each other.After watching the...

  1. 584 Posts.
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    Now now peoples lets not get at each other.

    After watching the stock for quite some time now, one can't help but notice that it's a wonderful tool for RG (what 10mc is eluding to perhaps).

    Think about what EIR has scooped off the top for its "consulting" expertise. Add the "performance" (rolling on the floor in a fit of laughter) based options etc etc....... The cream of RG's plan.

    Now the current deal / term sheet with ERM.

    If carried through to completion, the 10Mil will see ROG recover the costs of the CMB exploration and enable pay back of the YA equity facility. RG's out of jail free card.

    If not carried through to completion, ROG retain 20% in the PEL's and whatever ERM have discovered / produced along the way.

    Not a bad deal, for RG that is. We the shareholders are simply just another tool or enabler if you like. Without us, there is no ROG. Without ROG, EIR has nothing to consult on.

    Unfortunately, the SP only reflects the fact that investors and shareholders are waking up to Mr Rohan Gillespie.

    Gaspew ;)
 
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