guys - I had forgotton Thailands unrest and it flared up yesterday - and someone decided they wanted out!!!
THIS IMHO the main "current" reason for sustained weakness - and of course any threat to Manora no matter how minor that chance maybe given - current debt loading to get project up and running IS just not good timing for TAP.
whos knows what covenants are on the debt facility??
30s could be seen if thai,s really get out of hand even though it may not stop the progress of an offshore facility
a bit wary of this now - political unrest is a killer - BUT if the thai's work it out relatively quickly then this is just a great buy opp!!
TAP Price at posting:
45.5¢ Sentiment: Hold Disclosure: Held
