Raider,
Lesson learned...Don't drink and post.
We are in fact Allies, because we both believe there is some potential with OBL. I have had the same discussions with Neil who I have found to be very approachable (you should be on 400k a year) The funny this is my business actually makes money and I don't pay myself 400K a year.
If you are happy with his explanations then so be it. I talk from a perspective of a longer term shareholder and my position is that there is little upside for the longer terms as opposed to the ones who have turned up lately. Good luck to them I believe they will get a good return.
There is significant dilution ahead which will lead to a consolidation, which is not a good thing for long term holders who bought in higher. The company has no money, it survives on drip feed capital and supposedly sophisticated investors ( I doubt that). All bad.
It doesn't even have strong connections within the industry. BRU has tried to knock OBL out, FMG, OXX, REY, BOPL have tried to take advantage but no cigar, the list goes on.
OBL does have a good relationship with DMP but hey who cares when you even get sh&*t together to explore. Neil has said to me on a number of occasions, we are not a charity. Well I would rather be a healthy charity than a sickly basket case and if the real prize is gippsland why not get some runs on the board with Derby, any runs would do. My point is positive results lead to momentum. We have seen no momentum for a long time, so it is fine for Neil to say, our case is strong, or I am confident. I would rather hear our case in 'watertight' and I am 'certain'
So take from it what you will. Good luck
