I believe the deal with Lind is purely a stop gap. It is certainly written that way. Obl have had to prove to DMP that they can fund the work program for Derby and they have done so with the deal.
There are several other avenues of funding options that are being worked on. And when these come to fruition, the sp will be healthier and the dilution less. As management stated they expect the issuing of shares to Lind to be at a higher price point therefore they expect the SP to be higher down the track.
I don't think the Lind deal will run full term, but at least it gives the company some certainly. In my discussions with management I am not yet sure whether they are genius or fools. Time will tell. I can see the strategic direction the company wants to head and I am still wildly optimistic.
Some of you may benefit from contacting management to get further clarification . Obviously they can't talk about anything confidential but it may be of benefit in understanding what you are invested in.
OBL Price at posting:
1.4¢ Sentiment: LT Buy Disclosure: Held
