Bhutos, Great post. I believe we dropped the ball a while ago....

Bhutos,

Great post. I believe we dropped the ball a while ago. The FMG deal was a very good one. I won't say in hindsight as there were a lot of us who agreed way back then.

I was very disappointed when it didn't go through as the deal with OXX didn't seem to fit, and time proved that to be true.

What I can't fathom is the Salary of 2 people who have created absolutely no value for Shareholders. To be honest my interaction with Management has made me very fearful of this investment. It's almost like they live in a bubble. Now you can blame market conditions blah blah blah, but the fact we have been in court for more than 2 years is a disgrace. If you sleep with dogs, you get fleas. We have had nothing but trouble with every company we have been dealing with. I think there is a common thread there.

I believe now more that ever, we need to get over our egos and move forward. Create positive, mutually beneficial relationships that work for everyone. And if we can't do it with those around us, find someone new.

The dilution has been catastrophic. Now the Johnny come lately's can try and post a positive picture. Hell ever NR can't get on here and honestly blow his trumpet about OBL. The future is bleak with Lind hanging over our heads and no clear partner in sight. I stand to be corrected if management actually have something material waiting in the wings.

After what I have seen and now know, I would gladly support a takeover. Current fair value of OBL is 2c. If we were to be bought out, the company would no longer have an admin liability of 2 directors (instant saving of 1m pa) all assets would be centralised under the new owns portfolio and long suffering shareholders would be put out of their misery. The sooner this is done the better, (maybe after BRU testing of Laurel). All that awaits us at present is trying to fund something we don't have the money for. There is more dilution ahead which says enough in itself, and last of all, we have to continue to fund the Directors wages.

I would really like to someone to explain to me a better option or outcome.