** org merger **, page-6

** market thumbs down ** Even ORG's positive comments about the Perth Basin can't help ARQ today.

Energy stocks are soaring - the index is up 268 points - while ARQ is languishing; steady for the day at $1.63 and near a 12 months low.

I'd hate to think what would be happening if the energy sector had a real shakeout.

May I respectfully suggest that ARQ' s strategy of building up cash and buying cheap assets in a shakeout could fall flat on ARQ's nose - because the cheap asset bought could well be ARQ.

It's about time Management took some active steps like an on market buy back to help improve market sentiment.

Trading on a PE around 7 with after tax profits in excess of $40 million in an energy bull is absolutely ridiculous. Management should realise that and DO SOMETHING to change market sentiment.