ADI 2.35% $3.05 apn industria reit

Kakoil: I agree they will probably look elsewhere to invest as...

  1. 1,505 Posts.
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    Kakoil: I agree they will probably look elsewhere to invest as the cashflow increases.They are in an excellent position to raise funds as has AZZ. I'm souding like a cracked record, but a board can surely change its mind. Yemen was thought by the same directors to offer a great opportunity. They've sold one lease, but their position has changed dramatically in the last few months. If they genuinally thought the Yemen leases offered true blue sky potential why not go back to plan 1 and keep their interest in the current lease. With their assured cash flow they could easily ,in the current climate, borrow funds for the drilling which is scheduled for later in 2010. I understand the arguments that they are a small company with years of drilling ahead in the Sugarkane but they are surely in a position now to follow part of their original plan. Why at some stage down the track look elsewhere when one of their firsr choices is still in their grasp?
 
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