On the surface of it TAP is a screaming buy at this price. Market cap of about 90 million, sitting on gas that must worth a fair bit even though they cant sell at the moment, and expecting 4500 bpd from Manora. Even if they only clear $30 per barrel they should be generating 50 mil per year profit from it.
No smart big investor would sell unless they knew something.
Inside trading is a disgrace in this country.
If this is just lots of little investors all getting spooked because the price is falling, then the smart money will soak up the shares quicktime. But somehow I don't think so.
I expect we will find out Monday with a release, but by then too late!
- Forums
- ASX - By Stock
- failure of corporate strategy
On the surface of it TAP is a screaming buy at this price....
-
- There are more pages in this discussion • 57 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)