Club Mulgoa

Monday, December 09, 2013

AQO

In The Australian newspaper again...

I topped up at 15c when some were desperate enough to dump their holdings.  I didn't get at the trough a month earlier at 13c.

There is hardly any market stir when the Yankees are moving it.  Barnaby Joyce makes less noise with them.  It is only when the Chinese move in in large financial transactions that the market will suddenly see values slipping away to across the South China Sea.  There are more than 20 tcf of gas in AQO's tenement but only a small fraction can be easily extracted.  But even that will be worth a lot of money.

Now there is likely to be a local farm-in... with backing from the US.  So nothing startling.  For that you have to wait for the Chinese to stir up fear of Australia being owned by foreigners.  Em... I always thought the Yanks and the Brits, too, are foreigners as well.  And that is why, it is so nice to thrash the English in the ovals.

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