Been watching the SP action and reading HC. I suppose the price action of INP say it all.
Welltester was very good with his views upon the current company management not able to deliver.
As I know more than most know what is needed to drill and explore for oil in Australia, these problems with SA Pet department should be dealt with, the delays on first production of the sweet light crude dealt with. The company should now be cash flow positive!!!
What are they doing to rectify these problems, it may appear hard but with the right focus its not too hard.
I am coming to the stage to think that they deserve to be taken over, but it might only be at $1.40. What a steal.
Makes me think I should do the T/o myself!!!
The value for INP as ten times it current price, opportunities like these come once every ten years or so.
Amazing and sad for all distressed sellers.
Any way I have my holding, will continue to buy more and will speak with Ross in the morning.
cheers to all
PC43
PS I wonder what Talbot thinks now?
INP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held