Oh Dargie .... they have been noting your descriptions of them (the directors) as being asleep at the wheel.
Isee in the quarterly report that they take special pains to say.....
"The Company has initiated a strategy review to determine goals and focus areas for growth. The strong cash flows from the Tui project place PPP in an excellent position to compete for new exploration and production opportunities, and to build a sustainable revenue position. Given these ambitions, PPP has elected to retain the cash in hand rather than disburse through dividend payments or share buyback, and to target increased total shareholder return through reinvestment, and subsequent share price growth."
So there you are. They want to retain money in hand (or under the mattress) rather than do a share buyback because they know they can build shareholder value other ways.
Okay..... we're waiting for the Master Plan .... and waiting.......
Oh Dargie .... they have been noting your descriptions of them...
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