To be fair to the successive governments involved, and to investors, few if anybody could have predicted the 2011 earthquakes. By the time we had the PNR quakes there was a clear pattern, and government acted accordingly, in the interests of the electorate rather than AJL shareholders.
No company has a right to expect to be allowed to undertake industrial processes that would have such potentially detrimental impacts on the local "receptors" (as we are known).
Cuadrilla did publicly promise that they could frack without causing these quakes and they failed dismally to live up to that promise. It was like hit and hope. I can't see that they have anybody to blame but themselves here.
After 2011 this was always a very risky investment and anyone who invested then at 70c+ will have lost a shirt or two now the SP is down a 1c.
AJL Price at posting:
1.0¢ Sentiment: Sell Disclosure: Not Held
