Either way, we have a fair amount of more share issuing to go....

Either way, we have a fair amount of more share issuing to go.

only $45,000 worth of shares issued to Magna so far - there is another $115,000 worth of shares to be issued from the original $160,000 in cash received . And of course, there's the remainder $340,000 to be received in instalments as part of the new agreement, they will need more shares for that too.

It's lucky that Magna seems to be (or is only allowed) to sell $10,000 a day. But still, it's killing the share price. As Zmans had suggested, the CN is suffocating this company.

Management can only do so much with roadshows and presentations Australia wide. If the share price stays at this level, I estimate a further 20 million shares to be issued to Magna - and that will not be a good thing for loyal shareholders as Magna has given intentions to sell them all.

The best & most efficient way to reap any benefits in the short to medium term is a full takeover of this little company. As Da_Whippet suggested, if the Chinese have any interest in buying us out at a premium to gain control of Fyre Lake & Marg, then we should seriously consider it.

Above IMO