santos jv with mhl, page-11

Hi Alex, It was the management that originally attracted me to look hard at, and invest in, Monitor 3 or 4 years ago - you may want to have a look back at some of those posts?

I believe that the land you are talking about now is exactly the same land they had back then - their stewardship since has been nothing short of abysmal, they could not concentrate on the excellent prospective lands, and made noises to get us all excited as to "U" so as to ride that wave. Nothing came of that either.

The JV was a complete cock up and waste of time and money.

Now we are back to square one and pretty well with the same team - why is it different now when funding is sooo much tighter and the POO has collapsed?

They are not without a chance but any credibility they had has long since been evaporated IMO.

The only way ahead IMO is if they can pull off a farm in or JV with a large well established, reputable producing company.

Good luck but I doubt you have anything that will, in itself, make any difference - the management suck!!


Sell into ANY rally IMO!!

Cheers

Cabe