A J.V. partner should be an asset not a liability. Having B.G. as a recalcitrant partner does CTP no favors.
It seems that the foot dragging by B.G. is part of a strategic program for the programmed streaming of the realization of its colonial assets.
I believe that the Gladstone Project is the current concern of B.G. and the orders from the top are to put various other commitments on hold and revert to a go- slow approach until the gas price is expected to recover circa 2014.
I for one couldn't care if we were to lose and hopefully sue PXA for failure to honor their commitments, however I believe it to be an obvious stalling process and they will slowly shuffle their way to the table.
I would much prefer a gung ho approach, something you would more so expect from a U.S. co. than B.G at the hand of some toff in London.
I say go J.H! Go the little Aussie battler! All of Australia should get behind our great visionary M.D. Stick it to B.G. If this requires RCB's I am for one not unhappy to see a dilution of my entry S.P.
Im not in this stock for the short term, and whether the S.P. is 10 or 20 cents, is of NO concern to me. If a stock is good enough to buy its good enough to hold IMO.
The bond issue is dead. J.H. is a share holder, he is methodical in his approach and is making the tough decisions.
Let's get on with the job.
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5.4¢ |
Change
0.002(3.85%) |
Mkt cap ! $40.24M |
Open | High | Low | Value | Volume |
5.3¢ | 5.5¢ | 5.3¢ | $7.099K | 132.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 132876 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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5.5¢ | 443216 | 3 |
View Market Depth
No. | Vol. | Price($) |
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2 | 132876 | 0.053 |
1 | 472949 | 0.052 |
3 | 440251 | 0.051 |
6 | 442000 | 0.050 |
1 | 125000 | 0.049 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 443216 | 3 |
0.056 | 100000 | 1 |
0.057 | 345456 | 2 |
0.058 | 1350046 | 5 |
0.059 | 350000 | 1 |
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