Interesting week coming up for TAP with qtr report and the big meeting, A few moving parts make it hard to predict the production volumes and expenses eg decommissioning of old well (originally $8m but I think they’re saying in last qtr report it will now be significantly less).
If JM can scrape through this vote, and the increase in cash is good (good chance) then the cash levels and expected trajectory should allow him to make a case that they are turning things around and building value again.
Difficult ownership situation has suppressed the sp but you can’t argue with cash backing?
TAP Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held
