east coast gas, page-28

I'm happy buying in the 8's . Of course when a few things go wrong many people get the mindset that a company is riddled with failure . The potential size of the assets here more than compensates for any potential bad luck and/or bad management. To me the value of the Orica deal has never been factored into the SP and sooner or later the worm will turn.

By the same token this is a risky sector and I can understand the thoughts of those who are getting a bit jittery .Likewise the market in these sorts of stocks is turning somewhat hairy . Nonetheless it is my view that the patient will be rewarded ,it's very difficult to make a case that the value of the assets could be worth any less than where they are . We just need average luck and a continuing diligence from management for the value to be unlocked