its a free market therefore there are more than bpt looking to acquire shale gas assets from what i understand. bpt doesn't have exclusive rights and there is nothing stopping other parties bidding for the icn shares. Come on guys/gals steady. not time to hit the panic buttons imho. if what you say is a bpt strategy, then pretty tranparent and icn sp can only go north imho.its the old demand and supply issue. lets face it if the market has half guessed that bpt wants to take icn out then the price can only get better. takeovers only happen at a premium from what i have seen in my short time dealing with shares. if a takeover price is going for a song then i have faith that a bidding competition could ensue leading to fair market value on icn shares.
my opinion only therefore DYOR
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Mkt cap ! $5.208M | |||
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