Well thats good..
If it turns out theres nothing there at Kito ill be happy if they didnt put up the guarantee..
But we should all be worried about what Tata might do....because without them the whole thing will fall through for everyone....
These rather ill thought out comments by DMR dont really fill me with confidence of a happy ending...
Since June 2016 – Otto and Tata have withheld payments due to the Joint Venture, undermining the 2016 drilling programme. General approach is destructive:
– Currently owe us in excess of $700,000 through to the end of October 2016;
– Both in default - Otto for $2.0 million.
– We consider their recent behaviour to be in bad faith: so much for Tata Sons’ Code of Conduct!
OEL Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
