Quote From: Mn
Quote: "The market is disappointed with the confirmation in the Annual Report that they are negotiating to dispose of their interest in Beibu Gulf and invest all the proceeds into very risky exploration deals in the US."
MN;
What one might further define is they could possibly be selling the "gold in the ground" in China to speculatively explore in the USA with a G&G group with an appaling 5 or 6 year track record.
But then again, "debt free" with no real cash, perhaps, doesn't really make for much of anything to happen does it? Sounds to this village idiot like they are selling the farm to keep the 7 Land Rovers doesn't it......
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- Ann: Petsec Energy Annual Report 2010
Ann: Petsec Energy Annual Report 2010 , page-3
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