APA Bid blocked by Treaurer, page-5

tui,

It certainly has been a harrowing year. And with takeover bids on external companies making doing a deal nigh on impossible all year (as it now appears in hindsight, almost so blindingly obvious) that obstruction behind us re-opens the door for management to strut their stuff back on the court...

There are those that have lost their belief in the stock and management and sold out. I, like you tui, have always been bullish on this stock and overall situation and had clear belief in management's capabilities. Now, I am ever more so. The share price capitulation during the year has been a (not so, now) mysterious misery!
…. At this point it pays to think back to the Breakaway Research Reports and Stuart Baker's first range of possible value scenarios. These analysts know their stuff, but cannot foresee the unforeseeable; like external takeover bids stalling everything.

The chart below - courtesy of Real Energy's presentation last week, is the environment we are in. Blue Energy has proven reserves and a massive 3C resource within 400km of Gladstone.... At some point the key will find the lock and be turned.
If some holders continue to prefer to be negative, and don't get back on the horse, go ahead - make my day …. I'll be buying your shares back instead, as funds permit. This horse has been rested and is ready to go!

Kip