when will the down trend end????, page-13

The share price is following all speculative stocks down. The worlds markets are down. Sentiment is down.

We are all waiting for the 2 announcements that were mooted in the presentation. Firstly, the sale of the Qld assets. Secondly, the flow rates from the first wells.

We all have to keep our proverbial phalanges crossed that the flow rates are, at the very least, good. Hopefully fabulous.

The announcement of the asset sale is I believe overdue and that does concern me. The "down" state of the markets generally is likely to be weakening the bargaining position of the vendor and the spines of the purchasers. I would like to see them gone at virtually any price to allow the Texas assets to have greater focus and lees distraction.

It is easy to blame "management" for the share price but it is simplistic to imagine that the price drop is all their fault. Our support should be predicated on the 2 promised announcements. If theses are poor, or do not eventuate at all, then and only then we should collectively be "baying for blood".