I haven't seen one credible positive post on this thread since this deal has been released and for very good reason this is a absolute shocker of a deal. People have been very negative on this deal for very good reason because ultimately it will have a very negative impact on the share price in my opinion. They haven't been down ramping to buy into this shocker of a deal they have been voicing there disgust at such a terrible deal for nse and an absolute about face in the companies direction. Who would have thought this deal even possible before it was announced especially when investors were led up the garden path in terms of the drilling at merlinleigh.
There are so many better deals in my opinion that could have been done if you wanted a different direction. This deal in my opinion is a company breaker, definitely not a company maker. I can only assume the mum and dad punters have been sucked in by the morgan stanley research note, that may explain the small up tick in the share price.
I will never invest in this company ever again. And I really cant believe people want to Invest prior to the upcoming dilution to make the deal possible. I really hope for long term investors who are down so much money, this deal gets voted down. This company in my opinion is no longer fit for investment, it's simply a stock to be traded at appropriate times.
NSE Price at posting:
13.0¢ Sentiment: None Disclosure: Not Held
