Yeah, all over the news this morning is yesterday's release by the government of additional financial support for 7 Gas projects in QLD and NT to keep Australia firmly on a Gas lead recovery - and SXY gets sold - go figure, because it's crazy !!!
You should have heard the minerals and energy minister this morning talking about these 7 gas projects and how this is what Australia needs and will support over the coming years. I almost made me weep, because SXY could have become so huge, but ..........
Europe wants gas.
Korea wants gas.
Japan wants gas.
Gas shortage looming on the East Coast of Australia.
Gas prices rising.
The world wants gas !!!
All this points to a massive year upcoming for gas companies - so the directors here, after getting the company into a great profitable position, sell it for peanuts, or should I say for "their 30 pieces of Silver" (the price for which Judas betrayed Jesus - Gospel of Matthew 26:15), the ultimate betrayal.
It was obvious that the directors here did not want to take the company forward anymore, or that they had better personal offers elsewhere. If this is the case, they could have supported the shareholders resigned and let other gas executives grow the company even more, given the excellent gas environment globally, but no ......... instead of that, they decided to sell out cheaply before any true worthwhile value was realized.
What a great shame this has been, what a betrayal, and I'm still weeping over potential lost, even though I personally made a profit, but when I see the actual room for greatness here, the potential to build a global (or Australian) gas giant, it breaks my heart to see it wasted, and even more to see it wasted for pennies. For what reason was this allowed to happen?
Gw
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