it takes weeks to build momentum and 1 day to destroy it. There could be some dark activities going on behind the scenes that are at play, but my thoughts are the market is expecting yet another less than ordinary full year result.
Another year of excuses, and another year of investors paying the price. Unlike some on here who think the Chairman has done a sterling job, I'd like to know just what has he done? What level of accountability has he demanded of both the management and his fellow Board members.
I'd suggest everyone at management and board level are praying just like the investors are, that shale gas operations are approved, because they have no other tricks up their sleeves to get potential investors interested. I think it was MB who once said the oz operations are a mere side show. . i wonder if the perennial finance restructuring will get another guernsey....of course it will....p.ss poor.
I'm sure if it wasn't for the hope of cuadisrilla coming through, no- one on here would bother holding this stock, it's worthless.
My guess is the negative result of today is just a pre-cursor of a weak full year report tomorrow, and more pain to expect. Fact is you can't make a silk purse from a sow's ear.
Thankfully and hopefully we'll get a verdict on fracking approval by end of next week.
AJL Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
