'mikesioc' pid='51684' datel Wrote:CAC is spot on and today is another example of why the company needs to be sold. It's not the shorts and with all that is going on in the U.S. with oil and gas no one cares about a small cap drilling company in PNG. Good news is never good news and the only way to maximize shareholder value is to sell the company. If IOC discovers 20T's of natural gas in the jungles on PNG does anyone care? Exxon, Total, Oil Search, Shell and Woodside certainly do but no one else does, so let them pay shareholders for it. Raise your hand if you are ready to get paid! I can do a lot with $120 per share over the next 10 years. Chandler can too. Giving Hessionjob security to drag this out into the next decade has provided shareholders what exactly? UBS still restricted.
Are you feeling ok?
1) " Good news is never good news.... "
This is a bazaar statement. So for example, IOC offered $250.00 per share by XYZ company. Good news right? WRONG !!
Why, see quote above.
2) " If IOC discovers 20T's of natural gas.... " Exxon, Total, Oil Search, Shell and Woodside certainly do but no one else does,...."
This is a bazaar omission. The government and people of PNG plus the shareholders of InterOil are going to be astonished to
to learn that they are not included with those that care.
The question " are you feeling ok" is derived from me wiping the verbal vomit off my screen.
Tucker - Unicorn Appraiser