I think COI provides probably the best leverage for consolidation speculations in the CSG industry.
With just 105 million shares on issue a takeover price of A$1 per share would be a bargain for an acquisition of Comets assets!
A bidder would get:
• 100% of the world class assets ATPs 743P and 744P / Galilee Basin, QLD (prospective resource: 35+ TCF)
• 20% of PEL 427 and 25% of PEL 428 / Gunnedah Basin, NSW
(and a free carried core hole in each permit from ESG in January/February)
• 40% of Mahalo, Northern ATP 337P
• At least 5% of a US$100 million third party funded US program covering a. o. the Florence and the highly prospective Grays Habor projects
And COI has no executive management to severance pay … ;-)
In the light of the current industry activities – in particular Arrows net acquisition cost of Pure at about A$551 million and AGLs A$ 171 million all-cash takeover of Sydney Gas one could think a A$100 million deal for COI would be the cheapest buy of the year …
- Forums
- ASX - By Stock
- COI
- price movement
price movement, page-2
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add COI (ASX) to my watchlist
|
|||||
Last
16.5¢ |
Change
0.005(3.13%) |
Mkt cap ! $182.7M |
Open | High | Low | Value | Volume |
16.0¢ | 16.5¢ | 15.8¢ | $111.6K | 691.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 40000 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 2600273 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 40000 | 0.165 |
3 | 162903 | 0.155 |
9 | 596951 | 0.150 |
3 | 110339 | 0.145 |
1 | 185000 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 2600273 | 7 |
0.175 | 415000 | 5 |
0.180 | 70000 | 1 |
0.185 | 240000 | 4 |
0.190 | 269480 | 3 |
Last trade - 15.57pm 10/09/2024 (20 minute delay) ? |
Featured News
COI (ASX) Chart |