Ann: Capital Raising, page-119

I fact checked the company’s longevity and it is possible for you to have been a holder for up to 20 years, with the float (as a different name) occurring in 2004. Suddenly my “long term” investment of about 7 months is put into perspective.

You are however ignoring the work that has been done (and drilling still happening) and the asset proven up by the board, which does have intrinsic value.

I’m impatient that funding hasn’t happened in the month of June, you should have a longer perspective.

The two year wait reflects the time period to production from go ahead. Thats a fast track by most project standards and largely derisked ahead of the project funding go ahead.