does anyone have a number as to how much it will cost to bring the qld-china-sa fields all on line ?? I know this is an expensive venture is this csg biz. So I am wondering is 40 mill enough ?? Is the company consolidating shares as a preparatory step for further cap raisings ?? Does the market realize this and hence the falling SP ??
Mind you if the company can pull off this war on 3 fronts the rewards will be massive but the market is a skeptical place. All the market may be seeing is a company putting out it's hand for more money and not yet producing a thing.
Parrot highlighted a vague company referrence to a problem in the QLD field, Is there going to be some cost blow outs requiring more cash ??
This is just another suggestion so has anyone got a number as to how much it will cost to bring all three fields to full production ?? Parrot ?? HMM ?? Anyone ??
I am not anti MPO just because I am out. But like everyone else I want answers as to why it is downtrending. I WANT it to turn around so I can get back in.
MPO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held