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I find this ann a bit of a mixed bag. It basically leaves us shareholders in the same position as at the end of December when we were told the JV was going to be signed off.

Now we have to wait a further 3 months before we know whether it's a done deal with Sentry raising the funds. In this market climate it was too much to bear for most people today with the selling pressure.

Shareholders are after concrete progress and this leaves us all with that air of uncertainty that the last few months haven't yielded the results that we were after.

I'm still a holder and am suffering a substantial loss, hoping for goodness sake that Sentry do come through with the money to finally start drilling.

If they don't well it serves MHL right for not dealing with a cash up oil party. I like most other long term holders will be mightily p!$$ed off.