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Redbeard - appreciate some good level headed commentary here (though don't expect to be appreciated as much as you should - some choose to have their news in only one rose coloured fashion!).

One thing however I question is your thoughts on requiring more capital? There was recently a CR at 3 cents, and the partnership with Bharat I beleive was to part fund the current fracing - with a positive flow result here - I'm unsure just how the need for a CR will arise.

My money says that a positive flow will see a Bharat take over bid - as they have the means and the motive to want this resource so close to an opportune market - Perth.

Either way, I agree with 95% of your thoughts.