Has anyone actually noticed (I just have now) the strong correlation between the 'condensate' income figures, and the floating 'admin/corporate' costs, I've had a quick look back to at least Dec-15, and if you line up the 'condensate income' and the .admin costs' for each of the periods, they strongly align...
The 'admins' are where I understand the directors and/or consultancy fees sit right (??), alongside the 'back-office' running-costs, so almost like the gas-plant pays for itself (plat, etc), and the board/execs live off the 'condensate' as our $15.1m never seemed to ever have any reduction to the principal balance... I always suspected this was how this company has operated for some time, 5 years at least... I hate snakes...
I'm still holding after 8 years, but I'll be honest, I'm tired of bandits, bring on Sept 1 I say..!!
ML
EGO Price at posting:
44.0¢ Sentiment: Hold Disclosure: Held
