Cottee's Conundrum, page-2

A break down but short in nature

1) While Central has its true believers, they are not many enough. Those true believers central do have are mum and dads only who have pom poms in thier bottom draws.

2) Share price under Cottee is poor, Cottee's message is well appreciated in the market but no one is prepared to value it, the share price a reflection of poor market sentiment regarding Central

3) Big Mac and central are now discussing what a wining price might be and how the due diligence needed to make that happen might be managed. Central is resisting any exclusivity clauses but beggards can not be choosers

4) The issues ahead here are myriad. Gas sales are slow in coming, the market is depressed, 18 months is a long time and who cares to hold for 18 months bar the few pom pom clumb members when significantly better opportunities exist in the market.

5) And the clunker, looks like any additional offer may be tabled as a working life in the gas industry might be made a whole lot easier living under the capital umbrella of private equity as muscular as Macquarie.

But but but, the market has given the bird to Central. However, no one, that is, except Macquarie Group is seeing value in central having offered a miserable 17 cents for its worth as an entity.

Rapping up, central is a wounded beast who is unloved and struggling to convince the market of its work and prospects. I support this with 4 miserable trades to date this morning worth a whopping $4013, pffffttttt.

Mr central, sell at 30 cents and let the pain end.