I really don't understand this debate. The ann wasn't good....

I really don't understand this debate. The ann wasn't good. Arguing for the positive doesn't make it a positive outcome.

Can we just all agree it was the best deal management could get done given the circumstances?

If you think about this clearly, OBL just sold half it's future for 1.75million. HALF the company's future...

If they came out with a share placement at 1-1.5cents you'd all be holding flame torches and pitchforks right now, but it is all to the same effect.

They have traded short term pain for long term shortcommings. Given the choices, there was no other solution for OBL management at this time.

We're on the ropes here and have no bargaining power at any table. If native title is knocked back this will go into administration soon after the money dries up. Or by some miracle this may be absorbed into a larger Canning player.

The only positive I have drawn from this announcement is that someone else will be paying half our bills for the next few years.