toby shute getting with the times, page-14

Sushi,

I've been watching and reading for months...I dont get it mate. You sold a business which you have yourself valued to be worth what it is currently worth on market (give or take a cent or two).why?

This business has so much going for it. It is only just hitting its sweet spot where it has CASH to expand, land to spend it on and OIL to extract. CHK can see value, HAL can see value, CNOOC (via association can see value ). Is it any wonder there are so many buyers?

It would be different if this was pie in the sky stuff. But the ingredients are all there. SSN pie is in the Oven. All that is needed is cooking time.

SSN has just reached the launching platform that so many small oilers never get to.

In 6-12 months down the track remember this. You sold at fair value but failed to recognise the business positioning.

Or in pie speak for you. Why would you sell your frozen pie for 10c when you just put it in the oven? Wait till it cooks and sell it for $1.50.