Given Troy's past experience especially at Woodside I too think we're lucky to have him.
One query though? I wonder what back up plan the company has should the sale of non-core assets be unsuccessful ?
My gut feeling though is that things might go well - the Taunton oil interest in particular seems quite a valuable asset in my opinion.
Will the company consider at some stage some sort of placement? Even though TAP is looking to sell non-core assets, surely the company's position would be made stronger by, lets say, having a placement of 50 million shares at 40c each (raising $20 million before expenses) or even a SPP to existing holders.
Is it even possible that TAP will get what it needs via the sale of its non-core assets?
Rather than commenting on personalities, these are the issues I rather dwell on. Any thoughts?
TAP Price at posting:
43.5¢ Sentiment: LT Buy Disclosure: Held
