asx: u are becoming fkn joke, page-18

re: asx: just a blimp on the radar mac oldman river
Posted: Friday 14/07/06 10:40pm
Regular Member

( 424 posts)

In reply to: Jetson99 on Friday 14/07/06 02:01pm



Todd do not buy and sell on the market. They have too much class for that.

People should remember that Cue exchanged half of its equity to cancel out its Jeruk buy back liability which was a fixed cost, therefore only exposing themselves to one half of this downgrade. Their cost side was managed away.

This shows to me that Cue mgmt (ie Todd) are very very sharp. Also their capex requirement will also be half of what it was, making it more manageable for a company of Cue's size.

In the meantime the Oyong project is producing its oil first and prices now at $78. But the market will not upgrade this.

Be patient. The Cue projects coming on stream are huge, esp Oyong. They will be awash with cash.

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Totally concur with Old Man River, will be adding to the stash, because its just a blimp on the radar IMO.
wrxsti