@gottalovehttps://www.asx.com.au/asxpdf/20190731/pdf/447223l5qglm...

@gottalove

https://www.asx.com.au/asxpdf/20190731/pdf/447223l5qglm6v.pdf (page 15 in particular)

This is why I believe ANA/Hartshead is the JKA Investor. I believe the Director goals are aligned with long-term investor goals (win-win situations) and they will attempt to hit on as many of these as possible (but only needing to hit any 3 of the 7 to receive their full shares - they hit Milestone #1 and announced yesterday and got one-third of their lots).

I believe Milestone #2 (section 6.2 b) is your JKA play, possibly Milestone #5 (section 6.2 e if the Gas is far enough along).

I do believe a portion of the ANA sell off the past two days was from the 40MM shares given to the Consultants who helped broker/fund the deal, and unlike the hysteria on the ANA board claiming Directors violated most every law for minimal gains, I don't see the sell-off as a positive or negative (leaked info), but rather these are Investors who jumped on a guaranteed return and got cash, versus being Oil/Gas Speculators. Much like banks making home loans with the last thing they want is to actually own the home in case of default, I think the Consultants just secured their cash to move on to the next low-risk investment opportunity.

As always, just my idle thoughts. We won't know anything until the Gas pressure test results are released.

As side-fodder, I would keep an eye on Gemini. From their home page, Vision and Strategy, "Gemini Resources will seek an admission to the London Stock Exchange's AIM market in 2020.". When they/ANA release a positive result from the pressure build up tests and confirm commercially-viable Oil and/or Gas from their 2 projects, I would expect them to begin their IPO with a very de-risked story, and depending on the IPO pricing, it may be an attractive long-term investment. If Gemini, albeit a low-probability, happens to announce their IPO prior to the Gas results, immediately buy as much ANA as reasonably prudent.

Chuck