"All we have witnessed is the halving of our sp, no drilling in Quebec and nor in the USA, nothing much about to talk about SA and the sale of our QLD assets still up in the air when, according to some, we may be lucky enough to get $60 million dollars for it. And to top it all off, now even Morgan left the scene when he was supposed to be the one leading us to the dream lands."
Hendrous,
I did make the above comment, and you didn't like it one bit and included it in your reply/attack back to me.
Now, what is going on ??? After all, the end of the year is just upon us and we have got nothing. Not even the $60millions. Not yet anyway. And where are all the interested purchasers gone ??
And one more thing. By simply spending a little money in there, as the Announcement stated, it is not going to increase/promote our chances of selling at a premium IMO. What we will have to do, is to go ahead with the laterals and prove that we have a hell of a lot of gas there. I know it is a gamble, but IMO it is a gamble well worth taking. After all, you have to be in it to win it. If not, we will wait and wait and IMO we will never command a good offer price. Because, if we become desperate for money, we may even sell Mungi at a gifted price. The best time for bargaining is when you are not short of cash, not when you are in desperate needs of it.
The bargaining chips have to be within your grasp if you want to benefit from it.
Good luck.
MPO Price at posting:
62.0¢ Sentiment: None Disclosure: Held