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5,788 Posts.
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26/10/12
11:53
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re: Ann: Notice of Annual General Meeting/Pro...
5 year timeframe from annual report? is that right?
"developing a five year work program to accelerate the timeframe to reach the point of commercial production of shale gas"
3 to 4 months of tests
The next phase of this project is expected to take 3-4 months
cash admin costs $500000plus a year
cash in hand ?
more spp likely?
once they prove it is commercial then 5 year program
one to put away and let develop from here
next few months should confirm the asset and see a spike.
reminds me of ccu at 9c
let the traders and macquarie pumpers play with it in meantime. my target was always 12c. should easily exceed that over next 3 to 4 months.
resolution seems aimed at likely outcome here of a takeover play at some stage in next few years? 5 years is a long time
annual report very detailed and top marks. not sure of admin and company secretary costs outsourced at $3m plus?
thoughts? takeover play most likely outcome? nwe board is thinking it through
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