Consolidation, page-50

So they propose a consolidation and then at some stage during the coming 12 months will dilute the shares up to a further 25% to raise money for future exploration and development. Is this an admission that they have been unable to borrow such funds via commercial channels using assets as security, or attract a quality farm in partner to key tenements? How do they plan to add shareholder value while diluting the *^&^! out of the shares? Big negative there.

While there are a number of positive points current management have achieved in getting the assets performing efficiently it seems on the point of dilution they are about to give the previous management a good run for their money. Just like the old days...