looks like the 5 level is going to be tested, page-12

Has anyone noticed that natural gas made new 12 month highs today at 6.01 MMBtu!! , well above the early Dec prices of 4.50 MMBtu when the deal was priced up.

It has reserves worth $USD 150m, and earnings per year of $6.5m based on lower gas prices. yet market cap of $14.4m (adj for capital raising).

I assume the issues are what will the Macquarie debt cost?. Also what is the strategy?.