Custom, the downside from 2c (ie roughly $10M mkt cap) is...

Custom, the downside from 2c (ie roughly $10M mkt cap) is limited to my thinking considering the gas prospects they hold in NSW & the Cooper (with 3 holes to funded by SXY)

I just hope SXY gets a move on & we see an increase, so as to enable PGS to raise some funds & start drilling CBM tenements in NSW, with the gas shortage story doing the rounds & NSW Govt starting to offer greater flexibility.

Major holders have 40%+ of company with New Hope holding around 20% so they have the capacity to ensure that any value in current acreage is realised.

I feel if those that are in under say 3c are OK, but those higher, like me would be a little annoyed by the lack of news & action in the stock to say the least.

DYOR