due dillidence, page-2

Hi Thejase,

Good research there.

As youve rightly pointed out their debt is of major concern and IMHO this is why the SP has come down from its 50c highs. Personally I cant see any more contraction other than what it has previously experienced. Unless of course Gene-1 comes up dry.

With Ripsaw around the corner and mid-year not too far away they have many projects on the go to keep the market happy. Even if it means another CR or two this coy should eventually recover along with the rest of the economy IMHO.

They're not alone and well worth the punt IMHO!

Cheers,

Arkie