santos jv with mhl, page-7

Love (and understand) your cynicism cabe. But a farm-in with a big player already joint ventured in the area could only be good for mhl. Of course even that (if it comes to pass - and we'll know sooner or later) is not a "a given" for success but is very credible and more promising than not. We might not be happy with the cash burn (or that well advertised director's sell down) but we can't blame the company for market conditions and we might yet be very happy with MHL's seemingly strategic choice of tenements - in K or I. Here's hoping anyway - from an optimist (and speculator) who is well in the red with Monitor.