thoughts for discussion on rod and business relati, page-3

pokeefe - you might want to add Jupiter Energy to the mix? Might be wrong and it is purely a biodiesal play - but check out their top 20 and where a recent placement went.

I think Rialto might be the one to watch though - small number of shares/market cap makes it very 'appetising' perhaps for assets to be backdoored into. I would think that they can easily raise capital under Rialto given that share structure - and do it in stages too which I feel is important.

Now - if Rialto was part of the bigger plan - what do we have here?? Noses in the trough that make a killing early - or god forbid would fairness prevail on an ASX listed stock and say NDO holders get offered 1 share for every 5 NDO they hold in the first capital raising Rialto does? This way NDO holders that have paid for the costs of acquiring these assets and/or costs of work done to establish viability of bringing these to production are rewarded - and not 'stripped' of their assets?

Currently YGL has 40% of a single asset and maybe enough cash to run admin and seismic and assuming all oppies are converted then maybe enough cash for one drill? But maybe not.
Fully diluted there are nearly 470 million YGL shares out there - market cap of around $55 million fully diluted. Looks a bit dubious that they could raise the capital required at higher levels - too much script already? Might need to spin off into something else.

Could it be that Rialto might be a vehicle for NDO (and perhaps YGL too - hope not though seems unfair) to use - shareholders both get to participate in 'cheap' cap raisings?

Are NDO shareholders going to be 'looked after' as a priority in all future plans - after all we paid for the overheads to get the projects to key points - wouldn't seem fair if we didn't benefit after paying those costs (via dilution also) and people who contribute zero $ walk in load up and benefit.

All just speculation.