I don't like to see TAP selling down a prime asset either, but at the end of the day they need a lot of money over the next year or two eg. 60m for thailand + all the exploration they are planning, 4 wells thailand, 1 well ghana, 1 well WA-151-P, possibly monitising fletcher discovey, monitising Zola, none of this comes cheap.
We all complained when they blew millions on exploration wells that drained TAP's cash in the last few years and brought nothing and so we can not complain when they are being careful with their cash. I do not want to see TAP in 2014 onwards with no renevenue from production.
As long as they do not sell the rest of their stake in WA-351-P.
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Last
$40.35 |
Change
-0.555(1.36%) |
Mkt cap ! $204.1B | |||
| Open | High | Low | Value | Volume |
| $40.15 | $40.39 | $40.03 | $148.6M | 3.695M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 2347 | $40.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.35 | 443 | 9 |
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| Last trade - 14.12pm 13/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |