RE: Can I ask29 Jan 2018 19:44
I can see the logic in putting the money in escrow but as it is accruing interest it doesn't strike me as sensible capital utilisation. I agree there should be a statement that debt has been repaid but think setting out a clear plan based on a range of oil prices, all showing cln repayment, would be sufficient to show management know what they are doing and will avoid dilution at all cost. To be fair stating that they had repaid cln's should result in a significant re-rate, but who knows with Trin in this market, as we should be 25p already......!