Hi nobull, we can certainly agree to differ but the windmill I...

Hi nobull, we can certainly agree to differ but the windmill I see is that to protect your position on Mehdiabad you would effectively hamstring the company on doing anything else for fear of transferring Mehdiabad 'value'. The problem is that no one will pay anything at all for the $18 million debt - ithe market wrote it off 2 years before the company ever did. Thus every move since outside of Mehdiabad, ie Sandpiper and the arrival of Twynam and Mawarid, transfers Mehdiabad value. Even doing nothing erodes value as inflation erodes the value of the debt - 18 mill now is not worth what it was when the expenses were incurred, even less actually with the high Aussie dollar.

Far far better to create real value in Sandpiper than to sit around hoping the thieving Iranians will pay us back in the never never (the windmill?).

But agree to differ. In the meantime I hope as sincerely as you that the regime changes asap.