re: gone elsewhere ...? My attitude has been that their is no point parking money in this stock a). until they start producing, which means I will look to reinvest early next year or b). until their is news of a new contract.
They will keep announcing upgrades to gas reserves but unless they have someone to sell it to, no one will get too excited. I expect that this stock will skyrocket again should they surprise us with a new contract as this will impact future revenues and cause people like me, who see this as a good long-termer and are keeping an eye on it whilst investin money elsewhere, rush back in.
QGC
queensland gas company limited
