re: Ann: Quarterly Cashflow Report - 31 March...
The more I read the quarterly the more I think they are going to look for a new opportunity and would not surprise me if it is very advanced in negotiation. They have mentioned the strict criteria and they are in a position to pick up something really good. A lot of the O&G are relinguishing areas that they cannot continue to service due to lack of funds. In addition Ian Paton with his long service in the oil industry,in high positions in Santos and CP is just the right man to do it. The management..just two.. Kane and Ian running a lean ship for these difficult times is perfect...experienced,focused and know what strategy they are pursuing.
KEY Price at posting:
1.1¢ Sentiment: LT Buy Disclosure: Held