Very long term prospects seem good. 17% of a bigger pie where...

Very long term prospects seem good. 17% of a bigger pie where someone else pays the cost of creating it may very well be worth a lot more than 85% of a smaller pie, expecially when you are not sure if you can afford to make it yourself. As pointed out by Rafish, where will the price of oil & gas be in 10 years time when this is brought into production.

However, the current market & very few others in HC look at it that way. The larger instos may come to that view eventually but at the moment lots of holders are bailing out as there's no quick bonanza here and they may as well take a proift now if they are ahead. a comment was made by someone that Drake Brockman would be a very rich man if RC had got his deal through. I expect that Mr Drake Brockman thinks he will be richer by the board not having taken the RC deal - but obviously he's prepared to wait.

It would be good if there was a more detailed public explanation by the board of what this deal means and the longer term prospects as well as the prospects for Echuca Shoals. That might go a little way to reassuring all those of us who are hanging on.