RE: Cost recovery arrears26 Jan 2026 10:45
C**eye,
Here’s the truth which ‘they’ attempt to obfuscate at all turns.
This according to the BOT’s own recent post:-
‘Now that all past costs have been recovered (except those in the arrears which will likely come under separate arrangement) we have a good base - one that improves with better volumes and pricing (higher oil prices or even just lower discounts) - to invest in growth.’
For now, it agrees that growth via self- funding is the way forward even though it’s argued strenuously against it and against me, preferring rape and pillage of the asset.
Now it’s seen the light.
Including my argument that the arrears are a separate dialogue, as they were always destined to be. No Idea how that will pan out, but almost certainly based on future investment performance…
Back to the BOT. BOT’s position for now is tied to my own.
However, anyone who follows its mantra is doomed to make the wrong re/de investment decisions as far as I’m concerned. Because it flip flops…it’s a fringe player if a player at all.
For me, as a serious investor, I’ll make my own mind up based on the commercial terrain and play what’s in front of me at the time.
And that definitely doesn’t include BOT’s analysis which is almost always on the wrong side of reality.
Which It’s a total joke.
Love the engagement though!