Hi Fanuchi,
Excellent points you raised, one I would like to add is, the money burnt by the board on consultants to come up with the most ridiculous deal. It values an unlisted company with questionable assets at 5 times our M/C. I bet these consultants are preparing this "Explanatory Memorandum"at a huge cost to the Company, and it's going to be full of rubbish ...Imagine what they could have done with that money instead of wasting it on consultants that have their snouts in the trough, maybe Linsey could have been drilled and Key would be pumping out 500bo/d instead of 50bo/d.
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