QGC queensland gas company limited

report, page-16

  1. 547 Posts.
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    re: cs energy make $2.5 mill and get the hell out No Elph have a too big stake in the company and the project to sell they are not the worry, it's the fact that they and others have created the turnover since December, they are now finished buying and any selling will more than likely not have support as it came from 4 distinct groups who all had a vested interest in buying. Namely, directors for spp and support, SPP purchasers to get an allocation, Elph don't know why,traders because of share price rise. Non of these groups have any reason to buy now and I suspect that 3 will become sellers leaving only 1 with any buying tendency, Elph. But they can only by15 million more to get to 19.9% and I doubt they will hold the stock up when if they believe in the company they will be able to pick it up cheap by waiting.
 
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Currently unlisted public company.

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