"dls arent allowed to purchase tdo'. Leod in my opinion this is...

"dls arent allowed to purchase tdo'. Leod in my opinion this is further nonsense from you. Also,in my opinion, you appear to demonstrate that you have little practical understanding of these or other financial matters( back on 9/3/09 re current liabilities etc...gosh where's that current liabilty cash gone now Leod.). At this stage DLS are clearly not bound by any BPT conditions and with a little imagination it could be viewed that continuing on TDO might be a good defensive move. BPT may go away for a while but eventually the rationale for dls may remain compelling.
In the meantime whilst DLS' board antics can't impress, TDO's board might consider why it:
1. hasn't yet found another, never mind 'better', suitor despite the help of the respectable and capable Greshams and
2.seems still not been able to announce any farmin on Vic/P57 despite industry suggestions it's not for the lack of trying and
3.currently has an MD who has yet to enunciate any clear plan going forward and
4. continues to consist of a bare quorum with no replacement of the previous chairman whose contacts,independance and experience were part of the reason many investors are in TDO and
5. will continue to exist in 2/3 years from now with dwindling cash reserves currently unlikely to be enhanced by the largesse of the equity capital markets.

In the meantime, the ultimate prospect of owning bpt, or having dls with some powerfull shareholders is starting to make sense. The thought of tdo with its, in my opinion, inexperienced board, dwindling cash reserves and no plan, is scary.

Pigsrus you might be on the money.