I just want to confirm your report G1, like you I was at the meeting and heard similar comments during and after the meeting.
I was interested to see the outcome and hear the winning parties plans and perspective. I also spoke with RC, Robert, Wrix and Mike Herrington and they all said similar things to what you have reported. They were all very much relieved that politics were done for now and acknowledged that it must be a priority to get on with proving the plan to find gas and sell it. I do not believe it will be long before we start hearing some news as they all acknowledged that the shareholders were overdue some news on productivity rather than politics and conspiracies.
One key thing that was said which has not been reported back yet, the board sees the need to get capital for exploration and proving reserves as a huge priority, as a result I would expect to see an announcement around this very soon.
I just hope that they back up their comments and get on with some action, I hope it isn't long before we see a headline announcing new drilling or new reserves proved.
I look at it as being we are at about square 6 or 7 after sliding down from square 9 where the end was previously in sight. Not back at square one as the end is still close but the last 6+ months have definitely been a setback. Although there are a few things which can give us a step up, like a Mac B telling RC tomorrow 'Right we need to sell some gas....Do you wanna sell some gas? Lets sell gas together and make lots of money' They want to make money, we want to make money.. so lets get on with it, I dont mind riding on the coat tails of the 'Millionaires Club'.
My parting advice for Richard for tomorrows meeting with Mac B, Swing away RC, swing away...
Cheers
R
CTP Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
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