strong gains., page-11

HI Sat66, I cant agree with your retrace suggestion. Positive activity is now very close.The farmin/gas sales deal becomes unconditional at the end of Jan and then the drilling/testing/reserves certification program starts in Feb. Meanwhile ICN is working on additional gas sales into the LNG market.
I think there will be some serious research over the next week or two by brokers and potential investors that should result in a rising sp over the next six months. Assuming all goes to plan and we get a good reserves number, there is no reason why the sp is not well above 60 cents by mid year. It went to 40 cents last time without any real substance,but now we are dealing a very solid Qld Govt company that will be putting in a lot of money, buying gas, and putting in a jointly built pipeline etc etc.
Occam