APA Bid blocked by Treaurer, page-11

…. As the actress said to the bishop … "How low can you go?"
Well, another new month: a year of declining share price.

The East Coast LNG net back gas price is currently over A$11 Gj; approaching 3 times what it was in mid 2016.

No doubt share holders have switched from BUL to GLL and STX during the year and this hasn't helped. The long time (still) coming GSA we have all hoped for has not helped either ....
But when it comes, what will the special divvy be worth to shareholders? 10c? 20c? 40c?/share? I don't know.
…. Provided it eventually happens, the dividend pick up plus the retention of ones shares held with then/now fully funded drilling program to come at other prospective tenements held, is the reward; and what a reward in total. At 5c/share and market cap. under $60 m - with certified reserves, this must look a very glowing prospect on the face of it.
The chart below is a disaster for holders over the last year, yet the fundamentals of the back drop continue to improve. I haven't got a crystal ball, but 1 + 1 still = 2 .... Mind you, I'm not what they teach in schools these days! : ( )

Onwards and hopefully upwards …???

Kip
Monthly with RSI