why , page-28

Marsup
You feel robbed!So do i,but i feel totally misled.The management have constantly told us in their presentations how grossly undervalued they are.Even as recent as their June presentation they stated..."Current valuation of 3P is $0.07/GJ-significantly below recent Origin deal priced at over $0.60/GJ of 3P."
Also they still had their targets of 1250 2P and 6200 3P.
I was happy when they said to do nothing when the first offer came in.But to roll over for an extra 4c for a 3P value of of 12 or 14c contradicts what they have told us before.
With the cash they have on hand surely would go a long way to achieving their targets.That would give better shareholder value than selling out now.
Or is there somthing else going on that we dont know about.
Time will tell