Some very valid comments from everybody... But looking at all the issues objectively you can understand why the market cap. is depressed.... Yes, it is taking frustratingly longer than expected to monetise the assets... Yes, there have been several external issues not in control of the board that have caused delays... Yes, there have been board forecasts that have not been met... Yes, a lot of money has been spent... But also, there is a lot of gas in the ground... The question we should all be asking ourselves is when is there going to be light at the end of the tunnel... How long can the company financially survive if nothing happens... If the company continues to raise capital with no end game in sight, only the true believers will be left to collect the ashes... Hopefully we will get an full and accurate update mid year at the next capital raising... And I don't mean another chart on how short the Eastern Gas market is...!!!... What are they doing about it other than waiting for Santos/Origin....
COI Price at posting:
7.0¢ Sentiment: None Disclosure: Held
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