RE: Morris & Co29 Mar 2021 23:05
2019 saw a marked improvement in the Group's liquidity position and the improvements in the performance of the Argentinian asset. The relationship with the Company's joint venture partner, have also been encouraging. However, uncertainty around the timing of any future material asset disposals together with the effect of the current poor state of the Argentinian economy and the uncertainty around the renegotiation of the Resolution 220 PPA later this year do cast a shadow over future performance and therefore there cannot be any guarantee as to when, or if, the Company will have the funds to make a dividend payment or undertake a share buy-back in the future should there be sufficient cash to do so.
Should be funds to begin that share buy back this year .
Best of