The European gas market is still highly valuable. Government approvals are delaying this substantially and you can blame mgmt all you want but realistically - no company is going to farm in unless all the approvals are in place.
I would expect quite fast closure on a deal once these approval are granted. As DJ highlighted above, that may not be far away....
One huge positive, this stock is not a one trick pony with 2 potentially huge assets - but the problem this sector is like a bag of prawns that has been sitting in the sun too long. Mgmt need something big soon !
PRL Price at posting:
8.4¢ Sentiment: Buy Disclosure: Held
