I can't agree TBE that it is where it "ought" to be at 1.4c/share. We were at 9.6c on complete hype of a resource that could be considered commercial.
We found a resource in all spots we looked, released some preliminary numbers that (in light of their potential to be horizontally fracked) were not actually that bad as a combined resource. We struck some oil (not that this was beneficial but it shows we are digging around the right places).
We are closer than we were 1 year ago when 7-8c was about the going rate for a piece of the pie. In light of all of the new information we have, we still ought to be at 1.4c?? I don't think so...
Yes, we have hit just about every snag possible, but I bet you didn't ride a bike right the first time you jumped on it. Takes time, effort, patience and skill, and being one of the first companies in Aus to be doing a project of this magnitude, I am glad they are trying to do it right the first time... If they were making mistakes we would be all over them as shareholders asking "why", but their biggest crime currently is faulty equipment and lack of excitement/new information in their reports. It's a learning curve for them as well.
I think given our timeline and releases to date we ought to be around the 3-4c mark at the very least...
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