Good post Suga and some very good points but don't forget MB...

Good post Suga and some very good points but don't forget MB also said "this is as good as it gets" management are bound legally in what they can announce to the market unlike HC posters but they will also try and put a positive spin on things as its their jobs on the line.

Fluffy summed it up in a single sentence and looks like JC who has been a long time holder, does research and holds a truck load of shares is starting to turn, on the face of the figures presented it doesn't look to appealing. I understand the fact that this is for 35 percent of the reserve but the idea of the DFS was to unquestionably lay out what we have so other parties will enter into talks, now what we are saying is what we have isn't huge but there's heaps more there, the problem I see is potential investors will probably want a better assurance of what exactly is down there.

My call is it will be very hard to get someone on board here and if it does happen its a ways off and we may need to do some more work to make it happen, which will mean further costs and dilution.