Tend to agree that Falcon has done enough to provide a lifeline to PHUN and with 20million odd shares in escrow, they have been given enough charity at Falcon's expense to survive.

The Board will be weary of any take-over of PHUN as most of its assets have been absorbed and I actually believe that all in all, we got control over the Australian assets on the cheap. I am aware that these assets are yet to yield any value to the SP of Falcon but with success in Mako or clever manoeuvering by our Board, the market will come to terms to a so-far ignored valuation of the Falcon share based on its assets too......which our friend TK has been professing for a long time !!!!!

Sceptics will say "Show us some successful test results" first - rightfully so - But I remain positive and am scared to think of the outcome if they are successful on Foldeak 1 or even sooner with the non-controlled adjacent well Hud1.

The first phase of these exciting events will come when the fund raising is announced. The market will then take notice of this non-producing exploration company managing to raise funds despite "No succesful results".... Things that make you go hmmmmmmm