RE:RE:RE:No groundswell! Deeraby,
i dont care how you vote - your cookie has crumbled and it's time to move on.Your outcome here is going to be not a lot or nothing. if you think the current SP offers better value for shareholders than the I3E offer, then the sensible thing to do would be to sell up.
Last 2 quarters Toscana posted a loss, you owe $23m on the debt plus accrued interest - I don't know what you think you will get out of this realistically. 2019 netback was about $4.5m at an average oil price of $56 indicating a net profit of about $10 / bbl. Current oil price is $12 / bbl below that and not forecast to be significantly higher in the near future. Not a rosy picture -
but anyway - you have the right to vote as you feel fit. I look forward to seeing the result.