Hi Al, The company has been over a barrel for 2 years now. I...

Hi Al,

The company has been over a barrel for 2 years now. I remember when the FMG deal was announced and everything pretty much lit up. Then it all started to fall apart.

FMG pulled out
OXX given 25% for next to nothing.
A cap raising
More cap raising,
Sell of BAS shares
Court, Court and more court
Directors Salaries.
Lind
Price of Oil plummets

It reads like a horror novel, luckily we are still here.

Is my confidence in Management at an all time low. Yep!!!! Do I think there is some excellent returns to be made in the company? No

We have been diluted so much, and will continue to be that anyone who entered around the time of the FMG decision will be lucky to get their money back, why? because a takeover or consolidation will occur prior to getting to 5 cents.

On an upside, I believe we have some valuable assets.

The cost to access and produce these assets will be great, hence there being very little chance for any significant gain for people who entered more than 2 years ago. Those who enter now, well done

As I have said before, if there was nothing of value in the Derby Block, then there would be no-one fighting over it. I just hope it is worth it and according to management it is. But like I said, I don't play much into what management think.