sounds good to me. i'm in the same boat....looking to hold for the medium term as qgc should have a string of positive news coming soon....
the sgl takeover looks like it's been a big waste of time and energy. all it's done is point out to the world that sgl needs gobbling and that maybe qgc doesn;t have the power to do it. Of course the sgl directors were going to recommend a rejection of the offer. after all their talk over the past couple of months, there's not a chance in h*ll they'd endorse this deal on the first time around....problem is that i'm not sure what other options they have. their plan for restructuring the debt is shocking so unless the board can come up with something else pretty quick, they either need to take the deal or find a better deal elsewhere. problem is it seems that the sgl board couldn't sell water to a man dying of thirst.
i actually hope qgc turns their back on the whole thing and goes back to proving up their own resources and contracting out gas. that's what they're good at anyway. hopefully they'll be equally as good at getting the stuff out of the ground.
QGC
queensland gas company limited
sounds good to me. i'm in the same boat....looking to hold for...
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