Letting them to carry on with their employment and enabling them to withdraw salaries on time to do some good work for the benefit of shareholders in return is what I called full support. What is your definition of support?
CH once again you are misleading people.....its not that $0.9M investment is for zero return. We are still selling oil out Texas, so net loss for holding on to asset is less than $1.0M. We could have tried to sold it again. CTR holding is worthless we don't have control on their finances, and stategies. Its clear the asset has been shifted from RRL to CTR for throw away price.
Lets not forget that we still have a 28% direct and indirect interest in Guatamala plus we retain an interest in Texas through our 200 mill shareholding in Citation and it will cost us nothing. We were looking at burning $0.9 million a year on Texas a deal which most had already written off. Lets focus on Trinidad and let CTR be for now. Whi knows, the Chinese might even have PLs card marked as well.
I don't want to be critical of what you have said. But isn't about time we don't trust anything said by this company, and looked everything what it does with high suspicion. Shareholders fully supported BOD, but they let them down all the time. Why everything this company does has to do something with PL, specially when RSR (liar) categorically said its a New Look Range, and it has nothing to do with past management. If anything then this deal has further damaged the trust, and sentiments.
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