Prognosis from my point of view.
BCP's objective is to acquire physical oil at cost of production. To do this, they must acquire 100%, otherwise they would have to buy their allocation at market.
Next course of action
BCP now have the option of mopping up a max of 3% of remaining shares over every 6 months. They may approach recalcitrant long-term holder(s) and make them an offer they can't refuse. This will facilitate their exit (can't stick around this bourse - they don't like the 3% creep rule or probably many of our others like disadvantaging minority s.h. rule)
They will then carry off the last few remaining hardliners to the Thaiger Shark's feeding grounds.
I am now sitting on my deckchair on the headland of FIDO Bay and the waters are now dead calm. But there is a rumour in the dreamtime that now the the Thaiger had feasted on the DOG he may get an appetite of OTTERS. I have told them they must be really dreaming - a dog in the water is a sitting target, well.... an otter is just about the hardest.
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so what's next you might ask, page-4
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90.0¢ |
Change
0.020(2.27%) |
Mkt cap ! $205.2M |
Open | High | Low | Value | Volume |
89.0¢ | 90.0¢ | 88.0¢ | $76.98K | 86.22K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 88.5¢ |
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Price($) | Vol. | No. |
---|---|---|
90.0¢ | 13376 | 1 |
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1 | 25000 | 0.885 |
1 | 21498 | 0.855 |
1 | 55739 | 0.850 |
1 | 4000 | 0.810 |
1 | 62111 | 0.805 |
Price($) | Vol. | No. |
---|---|---|
0.900 | 13376 | 1 |
0.970 | 19999 | 2 |
1.050 | 115000 | 2 |
1.090 | 50989 | 2 |
1.100 | 100000 | 1 |
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