Wow, the only bit of potential positive news and it comes from...

Wow, the only bit of potential positive news and it comes from another company. From the trail of destruction that the company has left as a legacy from all that time back when FMG had the SP at 4.7 cents, we now have the announcements of BRU to look forward to. Sad hey.

So trying to work out what the heck management are up to I can come up with this hypothesis.

Management need to assure DMP that they can fund works, this maybe where Lind comes in. A terrible option but at least it ticks the box given that finance is an ongoing concern. The 30 percent discount for shares is a fire sale, however the arrangement does allow for OBL to pull out (Lind well and truly have been compensated under this caveat)

Hopefully there are several interested parties on the sidelines waiting for some certainty that the block actually has commercial viability. and the Lind arrangement is to keep wolves at bay who are looking at picking over a carcass (for now)

The deadline for retaining 'operator' is fast approaching and from my previous discussions with management, this is something they hold of great value. So what does this all mean?

The only way that management can dig themselves out of this or at least get some ounce of credibility back is for the following to occur:

-Use the recent and forth coming results from BRU to strengthen farm in negotiations.
- Confirm a farm in partner prior to the 'operator' deadline with REY.
- Retain 'operator'
- Cancel agreement with Lind
- Source less disruptive funding solution

We have to have a share consolidation, but I would be much more comfortable knowing that Lind wasn't destroying the SP.

I do think that management have been sweating on the results from BRU and given all the negative activity from the last couple of years, there may be something to look forward to.

Time will tell.