I'd like to think it will get above $2 before an offer. I would like to get more settled policy from the Queensland Government on CSG extraction before I expect to see the price levels get to this. The Surat Basin holdings have great potential, but media and politicians are still beating up the industry and making the whole policy issue a must to avoid during the election.
SXY has had some great growth in the last year and all of it has been well earned. Once again excellent management, outstanding reserves and strategic planning are making SXY very hard sell.
I'm going to hold on for what I expect to be a very exciting future.
Next step, release of shale core results and we could handle a resource upgrade to keep things moving along nicely. Ive given up on making comments about the next milestone share price. Lately I've been barely able to keep up.
Well done all holders.
DYOR as per usual.
SXY Price at posting:
$1.02 Sentiment: Buy Disclosure: Held
