Albuera,Thanks for that. Yes I have a fair chunk of skin in the...

Albuera,
Thanks for that. Yes I have a fair chunk of skin in the game and of course want success. We are all waiting on news and if this involves spending the tranches only on administrative costs, then that is a bad situation. If a large amount is on seismic studies, then all good as long as we have some idea of the strategy behind that and preferrably some idea that there oa actual farmin interest. If we end up having to dawdle through more litigation with either OXX or BRU then that is also a bad outcome since that will cost a huge chunk of the Lind moneys and even a positive outcome a year down the track leaves us in a worse cashflow position with everything else unchanged. The best outcomes imo involve reaching out to potential partners and refraining from acrinomy involving the courts in order to exit the Lind arrangement. Even a CR for holders would be preferred and I would take it up to protect my own holdings. As for the Lind facility and the statement that this would minimise dilution - the same statement is on every arrangement I have read regarding other company arrangements and the list Raider supplies excludes a heap of companies that either are trading at ridiculous prices now or no longer exist, and I only checked companies with arrangements since 2010.
The other good outcome imo is also not the best but would involve a buy out, even if not great prices. I am not trying to be purposely negative, but te facts are the dilution will be massive not just because of the script percentage, but because each tranche will have Lind trying to push the sp down to reduce the Vwap leading up to it. Plus there is no cashflow coming in and even if they divest other assets, there is no assurance as to the purpose the moneys would be put to. The fear is in six to twelve months time there will be an sp less than half now, no farmins or reserve cash, and a string of court cases regarding who is responsible for paying money to OBL. That last fear is based on track history, the most recent being te BAS debacle that in some sense OBL scored a muted victory, but lost out massively if look at the share purchase price compared to exit price. As fir relationships, well any involving BAS are dead, doubtful that any remain with FMG, doesn't look promising regarding OXX, and strongly doubt BRU want to get into bed with OBL. It does help to keep a few friends around especially when ones back is against the wall.
So any favourable information from out there or different takes on the situation would be appreciated. Also if anyone has managed contact with Neil or Kim it would be interesting to judge their sentiment.