The Australian herd is crying fire before the gasoline was even...

The Australian herd is crying fire before the gasoline was even poured on the company. With 1.3 billion shares outstanding and equity of around $200 million yields a book value of .15. Of course many of you assume that
that there will be additional impairment charges. We don't know this as a fact, but the herd assumes.
We have an est.exit rate of 10k boepd and yet the herd believes that the company is headed towards BK. The stock
trades @ .057 AU-- The sky is falling except Eric is and has been an excellent President and leader of this company.
I have been in this stock since it was .12 some 5 years ago. He created a great growth E&P and it was not his fault that the oil market collapsed. It has been very difficult for most Oil and Gas Companies. I continue to buy super cheap shares at this depressed and depressing level. Everyone assume the worst for this company - why not assume that Eric will deliver the black gold instead of black coal.
Can you believe that the AU community assumes the end -Why not go out and have a beer and assume the current share price is an early Christmas present.