Oh Pete, your a legend mate!
Ive traded this one a couple of times last few months. Fundamentals seem to be quite good, JV's with AOE in Qld on prime acerage (lots of it too) other solid assets in Tassie.
Currently drilling to firm up gas reserves. Ann today confirmed continuation of gas resevoir into another one of their leases, Looks good.
Quite cheap when compared to peers, really seems to go under the radar.
Seems to have a strange lag effect to announcements too.
Really Appreciate it mate!
Cheers
PES
pepper residential securities trust no. 21
