I'm just a bit jaded. Been there done that. I should have sold all when KP said to me there would be a cap raising when the SP was at 5c when these Indonesian projects first surfaced. It takes a while for things to sink into my brain and I tend to learn the hard way. But I have not lost anywhere near as much as Kookaburra!
$5 million wouldn't even allow them to drill one well. (Please correct me if I am wrong here - maybe shallower wells in Indonesia are much cheaper than deeper wells in Australia?) But I guess it will allow them to stay in business until they get a PPA.
I find it hard to understand why the Indonesian economy is powering ahead yet they don't have a signed PPA yet. Is it just that these things take time?
PAX Price at posting:
0.6¢ Sentiment: LT Buy Disclosure: Not Held
