Have yet to hear officially from management however if that UK post is true my biggest concern is the apparent relaxed attitude to losing the Australian assets.
Morocco approval / operations are out of their hands and cashflow is secure for a long time, surely maximising the potential of the Australian Assets must be the main priority?
To be honest I’m staggered, how can a $36M farm-out which was announced with much fanfare now be worthless?
I really hope management are doing everything in their power to right the CWH debacle, from three great opportunities we may very well be down to one. If not and Morocco alone does not yield $1+ pre spud this management team can only be considered a failure.
For now I’ll trust that management will work hard to rectify the Australian position, if not I think we’ll all be attending an angry AGM.
TPT Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
