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7.8¢ tap oil limited

Ann: June 2015 Quarterly Report, page-8

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GJD05

318 Posts.

04/08/15

15:46

Post #: 15748557
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Originally posted by GJD05 ↑

Agree. Report was decent enough, yes they have liquidity issues but only if they need capital for a major capex event. Day to day is fine, and dare I say it an aggressive debt amort schedule is good for this management. Forces them to be prudent while they deal with the rogue shareholder. I'd imagine there is a lot of external interest in acquiring the manora cash flow but until the shareholder shambles is resolved you can't blame suitors for being very careful. If it ever gets to 50c I'm out as quick as look at you, but could be sometime yet..,especially with oil over night. Good thing management learnt that hedging lesson a while back!!!!still spitting that cost us a fortune. But onwards and upwards...

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WOW. The million shares at 34c could take about 6 months to chew through!! Someone wants out or someone doing a strategic tree shake!!

TAP Price at posting: 33.0¢ Sentiment: None Disclosure: Held
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