TAP 0.00% 7.8¢ tap oil limited

I haven't voted yet on the agm resolutions and it needs to be...

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  1. 1,233 Posts.
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    I haven't voted yet on the agm resolutions and it needs to be done by tomorrow morning.

    Anyone care to share their thoughts on how to approach this?

    My (very amateur) thoughts:

    The 2 major shareholders now appear to be not working together after all, with NGP suggesting we vote against the Risco directors.

    Up to now I took some comfort from thinking that having two major shareholders keeping each other honest (so long as we kept an eye on them working together).

    Now, not sure what to do.

    IMO only:

    1. NGP appears to be willing to increase the risk to Tap shareholders by dragging us into disputes that are bad for the share price and/or we may lose (most recently Mubadala).

    2. Risco appears to be trying to buy shares we know are cheap.

    I have no particular liking for Risco, but my current thinking is that #2 is better than #1 above. Following this, we're better with the existing directors keeping visibility of what's happening and the board 'balanced'.

    Any thoughts anyone?

    cheers
    pb
 
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