analysis of the announcement, page-15

Wonderful all the long-term projections! We all know that MHL is probably sitting on huge amounts of oil. If, however, they can not survive unitl such time the oil flows and $$$'s into their bank account...well it does not look so rosie..

1. Currently A$ 357k cash in the bank..whoopie!!! how long is that going to last after salaries + benefits have been paid???
2. Considering 1. if Sentry pulls out of the deal...big problem.
3. If Sentry misses the 90 days...big deal...where do we think MHL is going to go ?? Sentry is in the driver's seat!!!

MHL are back against the wall in this matter and running on a thin red line. If the relations with Sentry are so positive as indicated in the report then there will be no problem. But I am sure Senty is very well aware what MHL's finacial position is and let's hope they don't use it to their advantage. I know to well how the boys in West Perth are feeling. I have been in exactly the same situation an it's extremly stressful!!
Let's hope MHl can get over this "short -term issue", then we really can make some doe....