why i still buying , page-9

Shanshan, thanks for ur post.
About Duncan, I still got different view.
Duncan is not as that bad. i think over this long time. what's his intention on earth, why ERG has to be restructured, and so on.
My answer is positive as following:(i believe got some points there)
1, Duncan hold 30% ERG, ERG owes him 115 million. Now, ERG's negative asset is only minus 12 million (after SF,Stockholm projects, should be positive)
so,if ERG bankcrupt now, he can still get his 115 million loan back.�imost likely, this is an accounting issue) but
if so, his biggest loss would be his shares, donot forget he spent 30 million plus to get this shareholding, u always mention he doesnot care about other holders, but you know his shareholding, his 30 millions early investment tightly related to us.
So firstly, I concluded he didnot give up ERG, because of his 30% ERG share,not because of his loan. and he still wants it valuable. no difference between his share and our share, all of them are ordinary ERG share.
2, About the restructure? why it happen?
After sydney project fail, Duncan's 35 million loan was also due in March, remember at that time ERG's SP is 4.5 cents, if Duncan require ERG to issue 1 billion new shares to him to pay off his half loan, i believe ERG had no choice at that crisis. but Duncan didnot do that, on contary, ERG raised the restructure. This is the balance of all kinds of interests.

The worst profile is like this: ERG and INGOT ----the Vix will share the future revenue, the debt, half/half, it's not a bad deal for troubled ERG to find a partner to undertake its risk. that means only everything is halved. but how can ERG allow Duncan spend nothing to hold another 35% of ERG?????????????????????????? Sounds impossible, absolutely impossible.

So I have to think the best profile like this: ERG and INGOT ----the Vix will share the future revenue,but not the debt of the 115 million loan. that means Duncan spend 115 million to get another 35% of ERG. I just got confused here. Sounds impossible, absolutely impossible. unless the ERG finished 80% of its projects and only get 30% revenue back is ture.
I got no answer so far, still confused. why no one would say sth on the debt???
3, why the litigation been separated? I think this is because if ERG win the case, Duncan lose nothing, he can still share 30%. on contary if the litigation tranfered to Vix too, if ERG win, that's obviously not fair to all other shareholders. I believe that's why Duncan has to agree to leave the court case to ERG, otherwise the restructure will be unsuccessful. I want to mention here about the litigation------------- the longer the better for ERG. Assuming the court stands on the NSW gov side, the case should finish early, seems it's very complex.