G'day NT - If you had something for sale - wouldnt you subscribe to the theory the more who know about it - the more bids you may get - higher sale price. This director has said they are not aware of any potential suitors and the flows remain in the 5 - 8 mmcf vicinity., and the weather over there is v ordinary...which are all very modest statements...and to me very believable. I cant see any reason why he would have told Kiwi these comments if they weren't true.
There has been no accelaration of flows as has been mooted and the co are seemingly still not at break even. The weather report is not promising either. This leads to increased/prolonged cash burn which in turn increases the flow rates required to establish and maintain break even returns. Good luck to you.
Regards
GH
MAE Price at posting:
36.5¢ Sentiment: None Disclosure: Not Held