Pski, Nice sentiment but a look at the QGC quarterly says QGC management would burn through it a fair bit faster. $48 million this years alone. $80+ more million since 2000. And not 1 cent in income from gas sales. They also quote this quarter expenditures of $25 million and only have $16 million in the bank. They have debt facilities to cover the rest. So end of this quarter they will have spent $75 million in 12 months. That's a lot of depreciating and writing off to do. Sounds very familiar to me....... it's like an SGL groundhog day but the name has changed!
Wait till the environmental issues start with the water disposal and the they supposedly deplete the water table leaving the artesian basin dry. 50,000 redneck Queensland farmer descending on Berwyndale South, armed to the teeth looking to make cordial out of the fruit someone's dad picked.
Ha Ha Ha
SGL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
