Touche!
HIP has 700k in the kitty and has the following commitments:
I was in 4CE before I bailed around 9 cents, when rumours of selling started, and it has slid down the slippery slope ever since. You're right ... the similarities to Ringwood are definitely there.
I talked myself out of CHK using such rational thinking ... but sometimes the fever just strikes, and rational thinking goes out the door.
Cheers.
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