Ann: Hawkley to raise up to $18 million , page-14

Whilst not the best for retail investor it underpins the downside to 37c. It is a great deal for the Insto- no doubt and they will make big $$$ on this deal IMO. Seems like a 'mates rate' deal to me. Ukraine based dealings- under table.

Smaller invesors will be annoyed and sell down in the ST. Giving us 10K at 37c does make us feel better. Especially those whom own far more. So whether you have 500k worth or 1K you get 10k at 37c. Winners are very small investors and the insto IMO.

The rest of us feel hard done by- yet a producing well reported to make over 4M every month target and another development well is certainly worth more than 50c in the ST.

Current sellers will regret IMO. Look at the fundamentally over the emotion of feeling ripped off. After a month or so after selling you will feel even more ripped off when we over the 50c mark IMO.

Development is happening very fast and 10cps will be made this year, a good possibility of 20c+ cps after next development well complete.

IMO- DYOR