Mornings news...
[Dow Jones] Sydney Gas (SGL.AU) extends recovery, rising 6.1% to 52 cents on
healthy trading of 2.0 million shares. SGL slumped to 40 cents Friday from 67 cents
Wednesday on media-fueled concerns about legal action, community opposition to flagship
coal seam methane project, cash burn. Acting CEO Andrew Purcell assuaged some of these
concerns in briefing yesterday: says expects project to be cash flow positive by
end-July; plays down what he believes to be minor legal actions; project's
development drilling campaign on track. Still, SGL recovers only some of losses, might
need string of strong announcements to regain all lost ground. (RCB)
SGL
ricegrowers limited
just some info
Currently unlisted. Proposed listing date: MONDAY, 8 APRIL 2019 11:00AM ##