Yes, when I saw it on the news last night, I thought great... PCG already have an established reputation and equipment in Karratha and have had contracts with woodside in the past (and ongoing).
All we need now is a MOU or a letter of intent.
As pointed out the biggest hurdle is the environmental impact on the Dampier coast, namely the aboriginal rock art which is a contentious issue. If woodside can overcome this then PCG will surely be in the best position to capitalise on it...
I'm thinking that CAPE is almost dead in the water... As most shareholders see true value in the current company and being greedy buggers that we are, will not settle for anything less than alot.
Cheers.
Geoff
PCG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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