bell potter target $1.80, page-29

Hi team,

I just hopped in @ 60c. Looks extremely cheap. Down side appears limited to ~ 50c, upside to $1 min. The thing I like is:

1) new CEO has exceptional credentials
2) even during all the t/o talk, they kept drilling and progressing plans to production.

Sounds like they have their heads screwed on. I reckon they will end up selling their South Galilee project, as they missed out on port allocation there, to their JV partner. That will fund the rest of their projects for a while!

IMHO only. Happy new year all!