Dear oh me Paul.!!!
I have heard it all now.
Now...are we the Casino or the Business...?????
After all, and if you have ever being in Business, the first thing you would do if things weren't travelling too well, would be to start cutting costs and/or reducing staff at Management and/or Board levels where they could be too top heavy. Or would you cut down on the people where they are doing the hard yakka and where they are the ones that are generating the income stream. ???
Alternatively, you could keep on going down the same path and face the Bank and/or heading towards the cliff..
Now, when are we to start meeting the repayments on that $50 mill dollars loan.??
At what rates of interests are they.??
Are there any penalty rates attached to the loan in case we cannot meet the repayments and the due dates.??
And if the price of Oil has gone down, is the price of Gas going down that road as well.??
At what price are we going to sell our gas, if and when we will be ready to do so.??
Who knows...definitely not me. Hence why I throw that question up for someone to enlighten me...and others who might be in the same position as I am.
But, never you mind, if STO will start cutting costs as they have just announced, it will fix all of that up for us. Know knows!!!
And then we have Total as well. Let's hope that they will not follow STO's route and start cutting costs too.
Time to remove the rosed coloured glasses now, and throw them in the wheelie bin.
dyor!!
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