reading between the lines

The following statement is from the Chairmanship address,

"The capital and technology being invested is on a grand scale. These are the types of projects that generate not just the future jobs in this country, but also the infrastructure such as new schools, hospitals, roads, power and water and associated government services to support today’s young and rapidly growing Australian population. With our substantial gas resource base in northern NSW, Metgasco is well positioned to participate in this type of growth opportunity.

To enable such growth, Metgasco has begun the necessary transformation from an exploration venture into the next phase of commercialisation and development. Not only have we continued to explore but we have been busy engaging with customers and investors who are in a position to help our company realise the considerable development potential that we have identified in the Clarence Moreton basin."


The start and end are worthy of mention,

"The capital and technology being invested is on a grand scale"
" Metgasco is well positioned to participate in this type of growth opportunity."
Put those two together and it is a very strong statement and one could read a lot into it, why is it well positioned to support something of a "Grand scale" it doesn't have anywhere near enough cash to be well positioned on the scale required.

"Not only have we continued to explore but we have been busy engaging with customers and investors who are in a position to help our company realise the considerable development potential that we have identified in the Clarence Moreton basin."

"Customers" note the "S"

"Investors" note the "S"

So, they have the customers and the investors to fund the "Grand Scale" of funds and technology needed.

Tie it together and I think we have some BIG parties that have committed to taking this company to greater heights, let's hope a premature takeover does not spoil the plans, as he said, he has his eyes on the bigger picture and the long term.
With all the positives we have discussed often, Metgasco has some real potential way and above Bow or Esg,
ALL VERY VERY POSITIVE,


Alh.