GAS 10.0% 11.0¢ state gas limited

Ann: First Shipment of HDNG, page-22

  1. 19,540 Posts.
    lightbulb Created with Sketch. 271
    "Anyone would think that the company was heavily involved in exploitation of 3rd world child labour to assemble dirty radioactive bombs" The share price would probable be higher if they were.

    Seriously, these guys, as some have already stated is a "hide and seek" charade. It is a bloated empire, Chairman, Deputy Chairman and board members all to oversee a company at <$40mil MC.

    No new presentation is almost 12 months, seems to be no timelines to anything of substance. This virtual pipeline is pure bs and is chicken shit chump change and for all the effort they put in that side show could have been better off getting a pipeline built. They previously mentioned a “range of interested partners” who are interested in financing, constructing and operating the pipeline. Yet nothing has been mentioned since. Commercialisation of gas with PL231 is deferred whilst they focused among other things the Virtual pipeline. Yep is akin to a "swap & go" opp than developer trying to build the connection to the grid.

    Without looking, as it will probably enrage me further, COI MC is c$220mil with less reserves and less ownership stake.


 
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