RE: man over board15 Nov 2019 20:21
Anon - re your point about creaming off the top, there's the government's share, then Grynberg, then Foo's royalty. True not currently being paid but in the event of a successful claim against us, we are FOOKED. Then there's the payments to locals and to various companies, let's not forget Foo's daughter being on the payroll at one time with her website work, then there's the massive salaries and the cheap share options.
Problem is, with so much cream being skimmed off the top, the only way this company will ever reward shareholders is by selling absolutely humungous amounts of gas. And the Catch 22 is that to get to that point, a lot more debt and dilution will be incurred first.