what is the sellers intension at 32c, page-23

The marsupial has lost the plot.

DYOR on the following:

At NPAT of $2M per month we get earnings of 8cps, fully diluted out to 300M shares (which is a perfectly normal capital structure for a company of this size). That gives us a current PE of slightly less than 4. Accordingly, 201 alone is worth say a PE of 8 (discounted from 12-14 due to Ukrainian sovereign risk), which gets us to 64c (close to the Hartley's number). At 64c the additional wells/Chernetska equal a free option. Additional production from 201 is also a free option. IMO, the inarguable conclusion based on the financial metrics (again, DYOR) is that this is a solid investment. We are making money - this is not a pie in the sky play. We have people in the Ukraine who are very very familiar with these prospects.

To suggest that Harleys somehow has an interest in losing its' clients money, or that anything they touch immediately goes to junk, is unsupportable. I appreciate alternative views but this rubbish has gone on for long enough. C'mon the Hog.