I don't know how many shares Mr Byrne owned in NDO but if he had a significant stake which had been purchased with his own hard earned cash then I think we would have seen a better deal.
The 5.5cents offer is only taking galoc into account what about all the other assets?
I have not done the sums but compared to OEL this deal does not appear add up at all.
Firstly our share price was depressed due to a dry hole, it was the perfect timing for an offer of 5.5cents, it looked good for some investors at a particular moment in time.
Not only do oel sell their asset in Galoc all shareholders get 6c / share cash and keep their original shareholding in the company.
Mr Byrne, I ask myself the question why has he not attempted to reject or at least get a better deal????--whats in it for him?
Chass
Mr Byrne $3.2million hand shake, page-4
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Last
83.5¢ |
Change
0.015(1.83%) |
Mkt cap ! $190.4M | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 83.5¢ | 82.0¢ | $8.391K | 10.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8000 | 82.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 84.0¢ | 31246 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| NDO (ASX) Chart |