What is a gas producer with a grid connection, firm contracts and proven assets worth?
More than $88m and 13 bloody cents!
The resignation of two recently appointed directors suggests there has been a coup. The chair's endorsement of the acting CEO is interesting, and likely related. We will find out soon enough.
There is a giant year ahead: engineering, drilling, horse-trading and most importantly, selling gas. Refinancing on solid security will cut Interest costs and bring new flexibility. The Dec 2019 balance sheet will be unrecognisable.
Also, the IPL AR out yesterday asserts it will have exploration answers on ATP 2031 by December 19
If anyone wants to take advantage and stage a takeover, they know my price.
Ash
CTP Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
