Yes redlan2, there was something in the Townsville Bulletin too, however this sort of news seems irrelevant to inhabitants of our big cities.
After mulling over the options GFA have on the table. I now tend to think at the end of the dispute resolution process we might see a renewed commitment from GF and they will promise to drill for all they are worth. After all they have only made the 10% mark, yet have already passed the 50% time frame.
Nevertheless, since they appear to be in default of their obligations, it's my view they will be handed some tight conditions. That is, a more transparent reporting regime, and will just have to live with an ever rising share price. Given that it is evident GF would like to own the company, yet CQT management would prefer to see its real value reflected in the share price.
CQT Price at posting:
55.5¢ Sentiment: Hold Disclosure: Held
