RE: Uganda sale vote21 Jun 2020 01:59
My take on Canarywharfy is that they are anti sale because of their high price holding............when the sale goes through TLW will have one less asset to get them to a point where they can cash out
If however you are holding at the 20 to 30p level with an eye to cashing out at 100p then the sale will get us there a lot quicker
As Canary pointed out the asset has been held for 10 yrs which is all well and good but no moneys been made while the oil is still sat in the ground...........could we be here in another 10 yrs still waiting?
Canary has an agenda for not selling which is all well and good but it does not fit with everyones depending upon entry
point
The asset is as others have said is only worth what it can be sold for in the present circumstances,,,,,get it sold and reduce debt or there could be problems looming 2 years down the line
All the above just my opinion of course.............