Ann: Borrowing base facility repaid, page-16

No doubt about it an investment in TAP has been a total disaster. The shares now sit about 1/50 of their all time high. (mind you quite a lot of oil/gas stocks almost as bad). The market hates oil/gas stocks just now, but I feel this is just starting to change, going by some of the recent movements. In TAP's case it is quite easy to work that in just over 150 days they could have cash backing equal to their m/c. IMO this alone should move the shares towards a 9cent target. But investors have to make up their own minds hate TAP or think this might be a chance. I do remember the one of most hated oil/gas stocks ever called Petroz and "dry hole Johnny" Did rather well out of that one.