Why wait for 1.5 yr for the real CF?
- They will only have a minor field coming on with low net-backs - basically bought for the infra-structure
- With Juniors timing nearly always takes longer - I think we could be happy with Q1 2010 production
- Juniors nearly always have cost overruns - it's not totally secure we don't need extra funds
In the meanwhile, what will really move the share price?
Doesn't this look like fairly dead money and couldn't you better wait to step in closer to the real CF? In the meanwhile you could invest in cash genrating oil juniors such as:
- CAX
- BUK
And reinvest gains from that into IAE.
I am honestly looking for opinions as I think IAE is a good investment but it will take some time to get to ROI. So basically doubting to get in.
R.