In my view, the following two factors are short term catalysts that will result in this stock being re-rated by the market (either up or down).
Namely these are:
(1). The quality of the gas discovery at Zola (ie composition of CO2); and
(2). Settlement of any liability asssociated WRT the Vananus Island outage in 2007.
I note that in the past 2 days the stock has crept up abliet on very low volumes - hopefully this movement is on anticipation of some forthcoming news.
Does anyone have any insight / comment to the timeframes when these 2 matters maybe finalised?
Thanks,
TAP Price at posting:
88.5¢ Sentiment: None Disclosure: Held