Reality

The law is based on what a reasonable person would consider right or wrong.

If a company which is directly owned by hundreds or more reasonable people I wonder what the consensus would be when asked to consider the performance of this company.

I am told that Geoff King and Phil smith (Directors) are good at finding oil and that one block WA-471p is a reasonable oil play , but only economic at @ $70 oil price.

If the company is looking for a farm in partner surely the possible partner would check the state of the owners finances.

Based on that they would or could do three things I can think of

1 Drive the hardest bargain they can
2 Wait til IPB is on its knees
3 Weigh into the market and get a large chunk of IPB at rock bottom prices

We can only hope I suppose.

Have a good weekend

Max