Have to agree with Dan Is this the same Anthony I had a running...

Have to agree with Dan
Is this the same Anthony I had a running dispute with about how much the royalty was worth as I seem to remember my Valuations which did vary between $300M - $500M were still way lower than his which were in the $800M+ bracket.

The quarterly report which no doubt will again come out as late as legally possible will show what the current cash position is and I doubt its going to be pretty.

It seems to me that they are putting all their remaining eggs in the Ark basket. If the drilling results are disappointing, the oil price stays where it currently is and coal continues to be on the nose it will not matter who owns how many shares or bonds as the company will be stuffed.

If however the ark drilling results are outstanding then every current shareholder can rightly tell all the non shareholders "I told you so"
It will be interesting to see which way it goes.