Don't know about "white knight"theories but I do know we need gas and a new Board that can satisfy shareholders concerns.If by a "white knight" you mean somone is manipulating mae's weakness to get more for them selves,well that is what financial institutions do best.Financiers are abusing the ignorance of the Board at our expence. I hope cap raising is underwritten by reputable group at 0.10 cents or more with a guarantee the rights issue will proceed at 0.15 as announced,guaranteed by Gold Sachs.
That will motivate the stock price.
Anything less than that is suss......
I read past announcements and at no stage was a problem mentioned with exracting the gas. Their silence,together with down rampers pushed the sp down. Something is cooking and they are using our gas.
There is recourse from sh should the Board release anything to the contrary as finance would not be extended if a problem existed. However,the flip side to that is there is enough equity in the assett to raise more capital.Yet again,if there was a problem and the financiers were notified and agreed to finance extension,shouldn't sh be made aware of the same probs.?
Actually,you atright madgwick,"NO F...g idea"
Just my opinion
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