the perenial bagger and a challenge, page-12

Sushi,

What motivates you to expend so much time and effort to so persistently bag this stock? Misguided altruism? Ulterior motives? Do you hold PSA?

Imo whilst (like most oilers) PSA is not near as good as they've tried to tell us they are, they have been continuously building reserves. This has been mostly funded by profits from production, and this puts them in a very small group of ASX oilers. Furthermore imo they look set to move into creating much higher margin reserves at Moonshine, something they have been patiently working on for three years.

EL