RE: AGM28 Jun 2019 16:09
Krok - As I mentioned in my first post, very little given away with regards to cash utilisation (barring the few remarks regarding actively monitoring acquisition potentials and the share buyback question put forward by attendees).
Drilling - from what I remember, they mentioned Mex-120 and also development of VAS field (I presume this will be funded via ops c/f)
Also, referring to your previous post, I don’t think a t/o will be happening. We were told that SMART are very supporting of the Board. I’m not sure of the exact AIM rules regarding t/o (30% triggers auto t/o?) not sure if SMART were obligated to make a move. Anyhow, doesn’t seem to be in the plans.
I’m not too concerned about current SP, my only concern is what is the strategy? What are RPT aiming to achieve? Unfortunately, it’s still unclear so I hope the Board will improve IR very soon and provide clear guidance and understanding of the story.