Ann: Quarterly Activities Report and Appendix 5B , page-7

re: Ann: Quarterly Activities Report and Appe... Hi,

I just bought a small stake and looking to get more. It seems that this stock is causing stress to many of you. You need to remember though, out of all the small CSG companies in Australia, very few are cashflow positive. In this environment, it's best to float on a lifeboat while waiting for a cruise ship to pick you up, than to swim with the sharks. With cost cutting measures in place, and suspension of drilling activities, cashflow should hopefully rise significantly next qtr. This will force other companies to think twice before launching a low bid as happened to most other CSG companies that ran out of cash. I think this is the best op for me to buy into this coy, especially with that dodgy looking investment firm selling out, the sp should crash then surge back up again, i don't think they have much more left to sell. These next 2 weeks may be the best opportunity yet, especially with cashed up AOE eyeing Europe. AOE bid $800m for PES who had 1/2 the reserves and no producing projects. Who knows what they will offer for a $20m company with producing projects. How much do they actually owe in Convertible notes?


RB

Disc: I also own AOE