Many small ASX companies are prone to exaggerate what they find which mostly ends in recriminations down the track.
Cairn cant afford to do that.
What they announce tonight I will believe.
Now in keeping with the above statement, especially noting what you have to say about CNE being more believable than a small exagerating ASX company then please explain what is below;
WPL - Mkt Cap US$17.5B quoting 2C 560mbo
CNE - MKT Cap US1.2B quoting 2C 385mbo
FAR - MKT CAP US270M quoting 2C 561mbo
In keeping with your statement and justification for disregarding FAR and believing CNE then WPL's figures should be the ones we take as the more believable because after all they have more to lose than CNE if size and exaggeration are the defining criteria on who should and shouldn't be believed.
As for whose figures are right and whose are wrong correct me if I am wrong but CNE,WPL and FAR would be working off of the exact same data to arrive at their estimates. CNE for reasons only known to themselves are the odd company out. Could it be a WPL/FAR conspiracy to undermine CNE but if the case won't WPL end up with an omelette on their face when they become operator and have to back track on their previously released estimates?
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