I thought the Canadian shale gas acreage was going to be the big value driver however the venture into oil seems to have been a big distraction (although I was initially supportive of it). My main hope for capital increases were in a takeover offer however Molopo has really become a confusing beast.
As far as the Australian CBM assets go, now that the sector hype has died down I haven?t really been about to get my head around the fundamentals of CBM and as such I?ve moved more into gold/iron ore.
I still hold a decent stake and may increase my holdings again in the future, but only when the company has mapped out a clear path way to substantially increasing the MC.
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