can't see it coming, won't see it going, page-34

This is Mr Lincoln Augustus, first second cousin of Holymagiman

Just a quick reflection on the completion of sale of PEL 426 and PEL 13 by Molopo to Metgasco. So Molopo has sold off its assets in a “gas charged basin” to Metgasco for $3 million plus 7,378,702 million Metgasco shares.

It is good for Metgasco that they have bought Molopo out, as Molopo never seemed to get it right when they were reporting about the Clarence Morton Basin, nor did they appreciate the significance of the basin. So they sold out, and that is very good as far as Metgasco is concerned.

We hope that Molopo do not do another silly move and sell their Metgasco shares now. It could take away some of the pain for the Molopo shareholders if Molopo board held on to its stake of Metgasco and went along for the ride, but we have seen the Molopo people do strange things when the moon is out. And if the moon in Australia is as powerful as the moon is here in Kingston, then such things would be easily explained.

Those Molopo guys never saw it coming and unfortunately for them, they sure did not see it going. It was real good luck for them that they took part of the payment in metgasco shares, but I guess nobody could get things wrong all the time.

And just for fun, Uncle Tobias had a trawl through the blogs on companies with “adjacent acreage”, and was most amazed at the excitement that the other companies had that they had land next door to Metgasco........that happens when a company is perceived to be entering the big league. One has always got to remember that Metgasco has THE prime acreage in the Clarence Morton Basin.

The family has always had faith that Metgasco would come good, especially after studying the geology of the Clarence Morton Basin, and we are happy with our 53 share holding, and hopefully we will get the half share that we applied for in the recent placement.

Blessing of the Lord
MLA