CR would be the last thing management would want - I recall them saying this last year at the AGM. However, if it has to be done it has to be done. But hard to get the shares to $1.50 when you increase the number of shares on issue for a low price. Really you want to be reducing the number of shares on issue...
You have to at least give TAP credit for that I haven't seen s her issue for years. Most oilies just raise and dilute over an over leaving shareholders with empty pockets and worthless scrip.
I think TAP will refinance without much trouble, unless we are in over our head, but it doesn't appear that way. They will just extend out the terms to enable longer repayment or the like.
Todays trading I personally think was just normal trading in blocks that the liquidity can handle, more than usual, but only $500k in value. Pocket change to a lot of people.
Im still a belieber, we are small, we are shit, but we will have our day.
Manora is a very good asset.
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CR would be the last thing management would want - I recall them...
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