no cash - no future, page-4

malmoe - I can only assume that the legal fees for the BAS claim are in there, which they hope to get back from them.

once native title issued then Derby block will go ahead (but where is the money going to come from?) I dont know about the contracts but perhaps the other owners of the block will pay for it all. In any case the posts on HC about OBL from the long term holders has been they are holding because of Derby, now they are down to 25% of a prospect and no other income besides selling off assets or cap raisings from the retailers.

I also find it interesting that when I was a small business owner I had to manage my money and if there was not enough coming in - I HAD TO CUT COSTS!! Or close my doors to stop going broke - What a novelty these speccies just come to market and get more! Seemingly no thought on how they are going to survive and balance the books.

There may be a spike in the SP when native title is announced, but for the long term, my money is better off somewhere else.

In the quarterly there is no forward looking statement of what they are going to do in the next year, have a look at NWE quarterly it is full of what they are doing and about to do - I do not hold any.

cheers and happy trading,
like I said a few weeks ago I dont hold O&G speccies shares for long anymore.