Member Info for granto

institutional investors won't touch this share at the moment, very few on the share register, leaving the T-shirt brigade dabbling. next week will change that, but i am not expected a share price charge next week.

The BOD appear to have very few fans, and given how the company has plunged in recent years, and in hindsight its been a sad old tale. However, for the first time there is light at the end of the tunnel. If the farm out does not happen, the Natlata offer will still be there. If the farm out does not happen, there will be another EGM and the BOD will be made walk the plank. for that reason I think the deal is real and close to what they indicate. don't sell just yet. That license field is like a giant 'join the dots' and about 30% linked. The field is problematic but the bigger outfit will tackle it better, But I see plenty of upside, not too much downside.

being a minority shareholder in a company where the main shareholder has 42% , that's control, makes you extremely vulnerable, the new board BOD directors could for example award themselves anything from outrageous salaries and a corporate jet. and you might never see a red ruble even if they strike the biggest oil well the world ever produced. The current board for all their alleged faults are domiciled here and subject to our laws. my advice is keep your eye on the prize, I'd rather not have my stock diluted and be in business with a major international company in three weeks time,

Natlata were asking for approximately an increase of 50% of the total current share capital in exchange to taking over the 18M Aussie bank loan, this would leave them with 44% of the company including the new shares. The BOD wold have had to walk the plank and existing shareholders getting current SP for their shares. If the farm out deal goes ahead as it should, the company with soon turn a tidy profit and offer stability, looking pretty good.

I finally bought my first PTR shares. The farm-out should happen, and if not, there is plenty of people willing to invest from Davy brokers clients, to the joint holders of License -67, to Natlata, and other neighbors beside the site. all said it is still a long termer, its going to take a few years to get the site flowing and pipes interconnecting,