Based on historic quarterlies I wasn't expecting anything earth shattering today. Whatever is being worked on will IMO be announced separately. What I was interested to find out is the level of salary sacrifice. My initial interpretation is that the level of salary sacrifice is in excess of what I had expected. There is a 100k drop in admin expenses and we a talking of just over a month of the three month period so the percentages appear in the higher range of expectations. Any thought of drilling is some time away. My favoured development has always been that coming from the "expanded strategy" and of more recent times farm out potential. We wait some more.
QPN Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held