Red Ace/Mr D,
Well ORG have just decided to pay 57 c/GJ for some more that is not yet even 3P, and they already have heaps. I guess ORG know the domestic market situation as well as anyone.
Important point perhaps is that all 3P aint the same value. Good flow rates, low cost, and proximity to potential market important.
I know I missed the rewards of PES because I lost patience with my PESO 15 months ago when the market was in meltdown. There's a real delima in csg in deciding between patience and the risk of being in a bubble, but we've seen few losses in the sector that would not have been recouped with 12 months patience, and we've seen a number of 10 baggers, some quite quick.
I suppose you've just got to take "some" risk, in the hope of great rewards.
EL
usa indexes to fall back.hot shares too., page-28
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