LOL you make me laugh ozzieblueboy

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scottieg

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05/11/19

00:53

Post #: 41247581
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Originally posted by ozblue: ↑

I will, and the full $30k. Yes it might be cheaper to buy on market by a cent or 2, but I simply don't care.

At this end of the market the companies need capital to be successful, if shareholders don't stump up the money then the companies can be short of funding.

The main reason companies go to sophs and instos first is because shareholders in the past cannot be relied upon to support the company. This can only change if shareholders actually support the company.

I might be a band of one, but eventually someone has to start to try and change the system. With the new $30k for SPPs the mechanism is there for companies to raise all they need from existing shareholders, something I'd like to see happen first before the companies go to sophs and instos.

This company is easily worth over $1b given the find in all 3 pockets of potential gas, plus the sheer size of the Kingia, then the support of the overall depth by Beach's Beharra Springs find. Then add the other possibilities in this EP, then the other UIL tenements 100% owned. That's before we add JAWS.

It all might take time and further cap raises before cashflow, but that will come, just like increased value to the company.
Bring on 20c please, so I can buy down there as well, as well as support the company by taking up the full SPP offer.

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LOL you make me laugh ozzieblueboy

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LOL you make me laugh ozzieblueboy

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