Good find Mackek. Can't say I was across the news on this one. Could it be that Strathclyde want their quick buck and move on to the next investment. Is it the fact that us damn colonials are making money in their backyard (or about to). Whatever the reason I think that having got this far and with a vision for the future Gardner and McCrabb will not be prepared to give this away. I'm not sure I would want to see this sold off yet either. Don't forget PGS one of the worlds biggest marine seismic survey companies also saw potential in this company and has access to a lot of seismic data and can provide a lot of expertise with interpretation in their other blocks. Either way it all looks a little undrervalued at the moment with production potentially only weeks away. Although I'm not sure if a boardroom stoush is the way to get things moving north on the shareprice.Sounds like a case of "if we want to get our way we need to roll the board" as far as the fund managers go.
Anyway enough of my uneducated ramblings and opinions.
Cheers and Beers, Ragz
LHD Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
