Time to Unite and Refocus

Gents start uniting, this forum needs to start focusing on what's real, no time for infighting, and DYOR the situation is simple and so obvious to me. I have been saying T/O is going to happen for many months. The Verb refinancing option is not going to help us during T/O talks. I believe it is a last minute ploy for rich families to capitalise on our situation regarding debt. Just have a look of who they are and why they do what they do. The non-binding and awaiting D/D, especially the unacceptable attached cheap options has to be immediately removed, this deal is a farce and opportunistic and helps the board to survive imo, look very closely at this deal as I have.

Our board have to immediately take this deal off the table. Do their job and perform and unlock value STOP selling us down the drain. The well hasn't gone to plan but has to be rectified as a matter of urgency this should be the immediate focus which it is I would suggest, not this terrible Verb deal.

This company is seriously appearing to becoming an investor club for the wealthy. Most holders own shares at over $2, all these new wealthy players do not understand holders and feel their pain. Don't all shareholders count anymore? One positive is that the wealthy all want a part of us WHY? We are going to be flooded with T/O options I suspect. Hold all and hopefully we have a new player but at what price!!!

My concern is who holds the votes and who is working for whom. This whole company has changed, fall asleep, continue to argue against ourselves and someone could take the clothes off our back, stay alert and watch this space. Just look at what is happening in the Perth Basin, please refocus all of you.

These wealthy families capitalise on our situation we find ourselves in, get together put a few million in and the rewards for them is great why else would they bother, they know EGO is going to change shortly and we are in demand by others. It's so obvious to me. So many players making T/O's and we are next.

Our board should urgently fix well hopefully they are successful and go to major lending institutions, don't need other wealthy players who capitalise at our expense. Shame on this board, which seem to continually make bad decision after bad, again fix the well now, these reserves along with current reserves would satisfy this little 15mil debt. Not give our company away to further wealthy identities. We have so much opportunity next to AWE area and RG and smart decisions are urgently needed not sell us short as this Verb deal does imo.

As many of us know we have huge upside and potential, just unfortunately managed so poorly regarding consolidation and debt and this Verb deal says it all to me and strengthens my case scenario and unfortunately what will this all cost us. Come on board starting standing up and putting holders first.

Has this company shifted away from holders and looking after the money people and protecting their jobs? Well it looks that way to me. If you don't understand, DYOR then watch this space. Time for holders to unite and start believing the simple fact we are in demand.

That's my take and GLTA. Back to reading room.