As stated in one of my earlier posts, over 51% of the coy is owned by retail/other holders with share of ownership of less than1% by each . A T/O resolution to pass the board requires over 75% in favour. If the sentiment on this forum is any indication to be relied on there is a good possibility we may not go along with board recommendation. I guess the old saying 'action speak louder than any statement/ words.
I also note that some of the short term gas supply contracts are linked to wti oil price. Most of these contracts are due for renewal end of this year or mid 2023. Over the last 12 mths the price oil has risen by approx 20%. Surely, this means any new contracts would need to be at least 20% more per gj. Why can't the board see the upside when others can. Am I missing something? Please let me know.
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As stated in one of my earlier posts, over 51% of the coy is...
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