Massive Perth Basin play. $3m cap. Up 114%., page-8

I was in PGY back when they did a effin 50:1 consolidation. Yes, 50 to effin 1. Talk about getting pineappled. Then the SP continued to go down down. I followed alot and could not for the life of me figure out what management were doing for literally years. Sold at a loss. I was sure they would fold.

I would imagine mgt are looking to be taken out. They never had the will to get their hands dirty, ever. Maybe they will hire someone that does.

Merge with KEY?

Still, money to be made here short term, and any merge or TO would only be a good thing. Win win. Should prob buy a small parcel just for the fun of seeing it play out.

Risk - Could end up a baggie real fast if they stall. I was in NWE for xanadu discovery, then they announced that in something like 3 or 4 years they would drill, like WTF. That cooked it right there (same with TEG). Ya gotta move, like STX AND WGO did

Only in my opinion, which is usually wrong lol.