Oil Below $40 - World Overflowing in Oil - And the Mermaid is Sinking

An interesting question was raised at the AGM - why doesn't Jeff Weber support company by buying script like the other 50 per cent of board

Answer by Chairman - this is a personal question and has no relevance

However Jeff is on a winner - multi million dollar salary and no share purchases. Did he buy at the capital raising no. Two dollars forty was the price. Isn't he one happy vegemite. He was the instigator for international expansion with Jaya purchase. The company worth has dropped 1.2 billion dollars. Yes smart cookie our Jeff

So the oil price is now below 40 dollars, the world is overflowing in oil, and the Mermaid is slowly sinking into unchartered waters

Those that think this is a bargain - should beware. You could be sitting on the stock for more than a year before it may start to appreciate. Dead money for a year in my opinion - unless you want to apply the capital gain 50 reduction rule

After watching body language of Chairman it would not take an expert to determine what he is thinking