Member Info for walk-it-off

From WW: "My final prediction is that we will probably be watching, from the sidelines, while Santos and Panagea drill exploratory wells in 2018 while Origin gears up for a busy and aggressive 2019 drilling program." You know, I think I'm more comfortable with this scenario, rather than Origin rushing in 2018 simply to get a drill in the ground by year's end (assuming exploration drilling is allowed to proceed upon lifting of the moratorium). We have a limited number of free-carried drills to exploit. I would like to see them used in a manner that is maximally effective at proving-up our resources, thereby creating maximal value. Also, we stand to learn a thing or two from what Santos and Panagea encounter, their technical approaches, results, etc. And, any positive results they meet with will only serve to call more positive attention to the area ("nearology"). As far as I can tell, this is a once-in-a-lifetime opportunity for me (or at least the first one... ha ha). I want to get maximal bang from this. I know it might be unpopular, but if waiting another year, or two, helps us get maximal value (and for some of us literally change our lives), then I say so be it. I can keep eating chicken instead of steak. It's healthier anyway, and I'll have a longer life during which to enjoy the rewards of my risks (and patience). Good luck everyone. I hope this note finds you all well. -walk

Hi WW... You might be interested in something I have recently been doing r.e. my OTC stocks (I am also here in the States). I had my primary acct w/ TD******ade, and had been dealing with mostly spec stocks listed on foreign exchanges, thus I was buying OTC. Some of the market makers have been difficult to deal with at times, with large bid/ask spreads, low volume, and sometimes price gouging... nature of the beast. Trading that way also offers limited liquidity, which doesn't matter much to me r.e. Falcon shares, as I'm not going to be selling any until POQ sells them for me, but it has had an impact upon my buying FOLGF at times. It has mostly negatively affected me when trying to buy large (for me) lots of other shares that are foreign-listed. Anyway, the thing is, that Fid**ity offers international trading (real time) on foreign exchanges while those markets are open. I have started moving assets over from the former to the latter (they make it very simple). I have already made a couple of trades on the ASX (again, fairly large lots- relative to my means)... some 100K-120K shares. Fid**ity's commission is lower. One has to pay a foreign trade commission (access to the foreign market and currency exchange is included and seamless). That fee differs for various markets. It cost me roughly $27 USD fee to trade on the ASX, plus the $4.95 trade commission, but it was WELL worth it. When I was able to get around the market maker (shyster middle man) I could buy so many more shares for the same total cash outlay. And again, in some of these shares, I might want real liquidity at some point if I want to take profit or exit in a hurry, which could be difficult OTC with a market maker. I'm pretty certain you've experienced what I'm talking about. AND... this is the beautiful part... when I transfer OTC shares (they need to be ordinary shares such as FOLGF, not ADRs), the folks at Fid**ity International Trading can convert them (literally by pushing a button or two) to match any that I bought as ordinary shares on the foreign exchange. All I need to do is call them once the transfer of assets has gone through. So now they will all be in one big pool and liquid... so my FOLGF shares would become FOG if I have bought some on the London exchange, for example. This way you could also just do the math r.e. foreign exchange fees on a given market and that market's current SP for Falcon shares, for example, since Falcon is traded on three different exchanges. And sometimes, you might be able to get a better deal from the market maker OTC (rare indeed, but it happens). Anyway, thought I might offer you that. And perhaps you already knew, but you had mentioned your OTC shares a couple of times now. I'm probably pretty much done with OTC, unless of course, I can get a better deal there. I'm still keeping my TD***... acct in order to have as many options as possible. Perhaps this was helpful, perhaps not. Just figured I'd share it. Be well. -walk

Good news. No... Great news! Thanks, dprussky. It will still take a lot of time and patience in SA, but at least the specter of constant corruption and abuse of power might now be lifted. This was (IMO) a prerequisite for any large entities to even begin to consider investing in SA. Any payoff for us r.e. the Karoo is likely many years down the road, but this development provides me hopefulness.