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It appears that manufacture has been outsourced so that plants stay closed. That means margins lost.
A conundrum.
Too much capacity in the industry, not enough demand. Strange that the brilliant management team are discovering exactly the same outcome as the other producers.
Management team too big and expensive?
Following your logic, why carry on paying them?
Management has always been described as utterly brilliant.
Try telling that to the hundreds of employees they've got rid of.
The whole industry is in a tough time, with little in the way of good news ahead. Over competed, over produced, mounting bad debts. That's just the facts.
They have a duty to deal with speculation, A pipe is a long distant possibility at this stage. If there is a good grade of gas, it will be in demand, but it's not something to count on at this stage.
That's my read anyway
Surely it becomes much more viable given a major extra resource coming on stream in the near term.
After all the posturing, those that really run the USA know full well that gas is essential for many years to come, both domestically and for export. We rely on them too.
A spike is only of interest to a sleazy traders, conducting the sort of blatant pump you did on our SN a while ago.
What most of us want is aligned with the stated aim of David Hobbs, who has much skin in the game himself.
Not something I've ever done, but sometimes you look at results and see that there are things that just don't look right, values put on things that look exaggerated. That's where shorters step in, challenging valuations. Without them, would all shares just continue with no accountability? I'm not sure, but the claims that were made here, highly promoted by a few posters (may have been just one), were cynical distortions, which IMHO should be banned, or prosecuted.
You will, therefore, have no difficulty in posting the recommendation to buy that you so often claim.
This strange, child like obsession with Scot is not something you should be making public. A therapist would no doubt interpret it for you. Whether there is a cure, who know?
On hope and expectation it has risen, and a fair bit of cross board ramping by you Gooroolouis.
When PANR were doing the same thing, you were saying that you KNEW the results would be bad.
Not to be trusted are you.
Seems that it may be possible to discuss progress without the board getting attacked now. Hope so.
Financing is the big step of the current year, there'll be no drilling, it seems that we'll see a year of procurement prior to the next campaign of getting oil flowing and heading towards a self funded phase.
How much should the market value the potential? More than a few pence per barrel for sure.