DTE 0.00% 13.0¢ dart energy limited

something seems a little odd here..., page-23

  1. 1,726 Posts.
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    TBE ,

    Recently Magellan Petroleum accepted a cash + scrip offer from CTP for the Dingo and Palm Valley assets .

    Magellan want to retain exposure to the assets , gain exposure to CTP's other assets and have decided the best way to do this is to transfer them to CTP for scrip .

    I don't think NHC or the other shareholders would have accepted a 20c or 30c offer for Dart .

    They must believe that the combination will be worth more than the sum of the parts and have confidence that Igas shares are going to significantly appreciate .

 
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