. bit disappointing (although expected) that 40M is being raised just to cover bassgas, is starting to cost the long term holders, about 6.5% dilution in shareholder value.
. not sure why they want to expand into indonesia when they got great assets in taranaki NZ yet to expand. i am a bit neutral on it.
. 20M tui and cliff head costs can live with.
. 34M in growth kitty is ok.
. delays in taranaki exploration confirmed due to rig availability, taranaki is BIG potential.
. delayed SPP is a little bit of payback for expected short term drop in share price, 5K in shares in Feruary when share price has recovered but only pay book build price.
. on the plus management have been doing reasonably well with growing the company i am happy to hold
AWE Price at posting:
0.0¢ Sentiment: None Disclosure: Held
