With the Greatest respect Adam, no i don't agree. I am just interested in the company valuation now and the future, the share price will follow in time, none of what you say addresses, but just moans about the past. What is done is done move on.
I think most will now agree
That the whole magna ..Watts and bhandari deal stank to high heaven. but when I started on it when the sp was tanking from 12p and we still didn't truly know (that's us not them) what 77 was or likely to be, and truly I believe we still don't, It hasn't even had a proper test and was actually tested still emitting excess frac water, or so we were told. Going deeper into the magna theory and some may use the argument against it with the supposed no vote, that we don't actually have cojnfirmed. However, how could magna be seen to vote yes? It would be seen as either stupidity diluting there $6million dollar holding lol at an average of 4.7p lol. Or an admission that they actually have an average of below 2p, or even zero or profit with 10% and all. Now then, imagine with all the said backing they have, why not offer us more than the 2p or in fact even 2.35p , half their actually known average from initial purchases. Going deeper if magna have some sort of tie with zeta (I haven't dug for this but will one day soon) or even sights on zeta or the reverse zeta buy magna in November so no need for magna accounts as it will be inclusive in overall zeta accounts. that would take zeta to 30% if they honor the remaining payment for their remaining tranche, lets hope there aint no little sub clause in that , that it will be related to sp. So if they bought magna and honoured, they could make a bid for peanuts already holding 30% with expertise of watts on board, offer bhandari (ihl) and he a lucrative future etc etc. Long winded and possibly pie in the sky, but something serious has gone on here and hopefully we will not be robbed completely.
Cussler, it was suspended on asx and not here for the same purpose as those one sells adding up to most of the buys now. One wonders how many more are needed to be unloaded at !.7p or there abouts. Sammon, sorry, and it really should have been you guys taking those options and funding us, not Darwin to assist i8n taking it down, or possibly to be the view of persons like myself who have learned how Darwin work. INMHO it weren't just Darwin but I wont ramble on again as to who I think made most out of the 77 run. Goud. don't believe for one minute that ron and all the others do not know what they are doing or saying, Again, I feel its all scripted for ron and by cleverer people even tho it always looks pants. Lahore..we should see 5p this year, probably November time, I'm actually hoping to see 8p in 2015, but then again I was sure of 18p in 2014, I'm still sure that would have been the case if they had not timed the Darwin draw to suit downward sp, and magna I feel did the same. The options money would have raised more than the dilution, but then it would have been out of reach. So If I was magna and had my nose and money deep in all the facts and wanted to one day buy it, I would trade it down from 12 with my 4.7 average (of course buying back cheaper) knowing that Darwin will be assisting me, With all inside infio that they are privy to, I would know exactly when and why. So easily I could have got a free ride with me $6million with the volumes as they were and knowledge that they had.
RE: has oex been suspended
Yes it did look this morning as if oex had been suspended, but; Anybody with a little brain and with some cash in the bank, this is the time to buy OEX. You will look back in 6-12 months time and ask yourself, "Did I really buy OEX at 1.75p a share.?" By mid 2016, I look forward to see OEX between 5p to10p.
The presentation as they always are was professional, comprehensive and informative and I would venture to say prepared by a specialist third party. In complete contrast the typical rns which is hopefully designed to provide relevant detail of what is occurring on the ground usually resembles an after thought that Ron has sketched out on his lunch wrap. They're like chalk and cheese and until we see radical improvement the next few months is going to resemble the nightmare we "lived" through with 77H.
I almost feel free now that my 3000000 options are dead - it's a bit like once the funeral is over and you just have to accept and move on
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