Massive Overeaction and sell-off here.Have we not seen this...

Massive Overeaction and sell-off here.

Have we not seen this before from our Oriental friends from mainland China....

Have we not seen them effectively option up the acquisition of brilliant assets, gain control of incredible potential resources and then use the "very convenient" excuse that the aligned Govt would not approve the acquisition they had offered.

You just have to look at a number of recent significant "supposed offers" made by our Oriental friends that effectively place the position of the company in which they make the offer to in a precarias position, only after getting them "half pregnant", they use the old and trusted "Government wouldn't approve it card" and then try to come back to feed on the prey later.

Despite this being a set back in the short term, this may effectively be a "god send" in the long term as instead of giving 60% of our assets to CNOOC for effective farm in, we may be able to find an alterntive JV Partner to align ourselves with...

The fundamentals of the domestic gas supply is becoming more dire every year (take a look at what is happening at the Gove Aluminium/Bauxite smelter in the far north.

The gas is still there. We just have not found it as yet. Again, massive overeaction and sell-off here and those that dip their toe in the water will be rewarded.