Do you think these delays (in production, cash flows, bank debt discussions, effect on GSA's etc etc) could alert potential raiders???
Remember, Orbost production issues are simply not yet resolved.
A low SP, plus valuable but perhaps undervalued assets, a very wide-open share register with about 85% Insto holders, a real issue with its principal asset, delayed cash flows, may well be attractive to some big investors ?? eg like Private Equity or even locals like say Beach??? *yeah I know Beach has some issues, but I bet they would love COE's domestic gas assets now, with POO down so low)
I am a long term holder, and am eagerly awaiting COE to achieve its target of 68tj/d from Orbost- and upping the SP.
Anyway, just thinking aloud.
Ann: Sole Orbost Update 19 June 2020, page-132
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