win-win

Cudeco has given us a timely reminder to be thankful for the efforts of our directors and OBL personal. Despite OBL's assets, if it were not for Kim and Neil I for one would have been reluctant to get on board a few years ago.

I see the forthcoming Backreef news as a win-win. A successful production test will bring many positives - to both company and individual shareholder.

But even a poor test result will, in my eyes, be a small 'win'. A sense of accomplishment - we drilled the hole, we analysed the data, we gave it a good shot. And a poor result is still far better than not knowing and wondering 'what if?'. You know the saying, "Better to have tried and failed than to never have tried".

And, the production testing of Backreef 1 is not all that constitutes OBL. As has been mentioned many times, we have other assets - all of them with great promise.

Should a poor production test result arrive we will then know our next step. It clarifies our short term plans. And more importantly, should the results of the production test be reflected in an easing of the share price, then surely this can be seen as a small 'win' - a chance for many to increase their holdings and for others who have done the homework to get on board.

No matter how you slice the pie, the next 24 hours is a win-win, if your look at it the right way.

BRM