WKT 2.00% 24.5¢ walkabout resources ltd

It's close enough that people would be well off a even with a...

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    It's close enough that people would be well off a even with a bad deal which was the point I was making. I knew it wouldn't quite get there but couldn't be bothered going over everything in detail again. If I wanted to justify the gap I could have talked about the small amount of production uplift required or the value that should be attributed to fully funded expiration activities elsewhere. My opinion is that any funding deal will lead to at least a doubling of the price within a reasonably short timeframe. For LT's that is prob a year or so.

    Glad to see Ralph already being called out for his own completely wrong statements about the free carry - this being the biggest part of what he perceived to be my error.

    GLTAH
 
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