In fact husbanding the company's cash were the words

I hope so and if any of you helped drive that point across, then we all owe you a big thank you. Now is not the time to be loose with the cash. Really, there is hope left for Mako. Even if hope is not a strategy, XOM's participation in this JV lets me sleep at night. MOL, not so much. I cannot imagine where 4Modric gets her confidence on that bunch. I also hope she does not swallow everything she hears. A salesperson is a salesperson, and the good ones will say anything to sell you what they have.

On the billion shares question, I would take another share offering anytime over a share consolidation. Why would one ask?, the answer is the that a share offering brings along with it a purpose and an opportunity, whether in Beetaloo or Mako. A share consolidation is a big negative. If we stay the way we are until the first well produces we may come out winners. The only caveat is that I have a gut feeling the first producing well will be in MOL's side.

db