It is positive, but we have suffered unnecessary dilution over...

It is positive, but we have suffered unnecessary dilution over the last 6 years as a result of Iran's failure to stick to agreements (nothing new: even the Vienna Convention on diplomats is a challenge for them, not to mention numerous other international treaties they have signed and can't implement), so it is always a temptation for the Board (especially as Mr Jordinson is relatively new to the job, had no previous Iran experience and has only a small stake in the company to ditch long term shareholders interests by entering into ill advised agreements with the Iranians without himself having a proper understanding of the issues (his previous reports on Iran have failed to demonstrate an adequate understanding of the issues - this was not the case with his predecessor, Dr. Reid). However, I understand this is likely to be of little relevance to you, as a new shareholder, although if things go right on Sandpiper (everything de-risks as hoped), the Board does the right things and we are able to enforce our former profit sharing agreements on our Iranian asset, you could well have a 10 baggrer sooner than you expect (Mehdiabad has $19 Billion of recoverable metal in it and it has passed the BFS). All IMO, DYOR.

____________________________________________
All,

http://edition.cnn.com/video/

Can't provide the link directly to the videos but you can navigate to them from the above link. Reza Sayah is a Persian speaker. Regime change would probably be more helpful than not in bringing on Mehdiabad.