Great reading this morning Thans BrendanC.
To further on your comment about PXA, I was contacted by Cathy (as I'm sure some others on this board were, and anyone else who's ever taken part in one of Glenn's debentures) to see if I would be interested in a debenture for PXA It seems like they've had to get Cathy to go around selling people on the idea of investing in PXA now. I wrote simply that I wasn't interested until I get news on EGX (good or bad). I informed her that I wouldnt be investing in any of Glenns OTHER projects until we start hearing something from him.
That being said, I am, and will, continue to grow my position in this company as I just don't see a downside other than having to wait. When it eventually comes out, I personally don't see how we can lose on this play, it will just depend on when you want to sell and at what multiplication of your investment!
My thought on the PXA debenture though.. Glenn's looking for money for drilling, so the lack of communication on EGX could just mean he doesn't need to pay any further attention, perhaps meaning EGX is in negotiations between lawyers for a sale? But he's having to sell people on the idea of PXA investment (right now), so if EGX ends up being a home-run, he won't need to sell.
And they are well-aware of the reason that PXA debenture is a tough sell (EGX up in the air).
Just my two-cents.