with another bidder in the market, it may push the price up.
cash could be "king" for RAI..
""Raisama to buy its Cadlao oil project in the Philippines’ north-western Palawan Basin for $45 million.""
deal or no deal..????
it does have some upside value.
1) cash right now
2) no need to worry about drilling.
3) it would be approx 12 months before first oil (if successful)
if they can squeeze a few more bucks out of the deal. then take the money and run..
..
nido petroleum keeping mum on raisama takeover, page-34
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Last
88.0¢ |
Change
0.025(2.92%) |
Mkt cap ! $200.7M | |||
| Open | High | Low | Value | Volume |
| 88.0¢ | 89.0¢ | 85.5¢ | $28.94K | 32.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3908 | 88.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.0¢ | 18330 | 1 |
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| NDO (ASX) Chart |