yawn

Red the report had a big yawn and put the kettle on.
Can't see any upside for the sp until 2014- 2015 and that is dependant on longtom and auriga drilling campaigns.
Big down side is not much cash in the bank, better hope longtom remains productive with no breakdowns.
Capital raising with the SP at 8c would in my opinion be a disaster as it would dilute the SP significantly.
Nothing about the long lead item sale.

If you can ride out the storm and are prepared to be patient and every thing goes well for management and the future drilling campaigns are successful and long tom dosn't break down and they win the court case and sell the long lead items and the sun continues to rise then buying in at 8c may be a bargain. You just have to be brave and put all the if's and maybees to one side, take the plunge and in you go.