A J.V. partner should be an asset not a liability. Having B.G. as a recalcitrant partner does CTP no favors.
It seems that the foot dragging by B.G. is part of a strategic program for the programmed streaming of the realization of its colonial assets.
I believe that the Gladstone Project is the current concern of B.G. and the orders from the top are to put various other commitments on hold and revert to a go- slow approach until the gas price is expected to recover circa 2014.
I for one couldn't care if we were to lose and hopefully sue PXA for failure to honor their commitments, however I believe it to be an obvious stalling process and they will slowly shuffle their way to the table.
I would much prefer a gung ho approach, something you would more so expect from a U.S. co. than B.G at the hand of some toff in London.
I say go J.H! Go the little Aussie battler! All of Australia should get behind our great visionary M.D. Stick it to B.G. If this requires RCB's I am for one not unhappy to see a dilution of my entry S.P.
Im not in this stock for the short term, and whether the S.P. is 10 or 20 cents, is of NO concern to me. If a stock is good enough to buy its good enough to hold IMO.
The bond issue is dead. J.H. is a share holder, he is methodical in his approach and is making the tough decisions.
Let's get on with the job.
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