Can't say I'm surprised. I bought into this stock for the assets. OK flooding and related access issue is not under thier control,nor is when SXY will do the catchup work on Fury 1. What they do have control of, is the content of what is Announcement or Report they release. The lines in MHL's Halhyearly Report where it reads. "This work is expected to occur in the current quarter; however it will be timed to fit in with the work program of the Operator, Senex Energy Limited (formerly Victoria Petroleum NL)." I know this Quarter isn't over yet but I doubt this statement is and was made with the required consideration to the balance of probability. Really should have read someting like. "Given Senex Energy's current work program it is expected that this work will occur early next Quarter, ground conditions and access permitting."
MHL Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
