What you are saying is absolutely correct. But what I am realising is that these valid and meaningful comparision or analysis that is undertaken is lost and meaningless on the common trader who utilise charts etc to make decisions.
that is why the trading volume is so small in comparison to total number of shares on issue. This confirms that 99% of the people are holding for the longer term.
Gas needs to produced and a plan in increasing production so that other investors can take note.
Until then, we wait, and rejoice at every sign of a turn around and cringe with every retreat.
That is how I based my $5 ($1 preconsolidation) estimate buy 30 June 2008 based on 400-500Pj of 2P reserves with approximatelty 150Pj each from china, Gloustcer and Qld. Nil for South africa.
But alas, time, the weather will cause this target to be deferred.
MPO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
