HZN 2.70% 19.0¢ horizon oil limited

Management and Value Creation. More to come?, page-20

  1. 2,163 Posts.
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    It seems to me that a very good strategy is to go along with the loan and options deal and "front up "to IMC (on the market) as if they have TO intentions-starting from "now".See below.
    Both "old" Management,including IMC , and IMC in isolation (separate them in your thinking) accumulate the information that everybody needs to make informed decisions .Both parties have the inside running on us. Nothing we can do about that.
    What is needed is for you and me(or a position taker with some substance) to accurately predict how the company is trending (if business is trending down,not up, you are probably not going to invest further ) but if you think that we are moving in a strong uptrend then buy up before any announcement on profitability,dont wait for the directors to tell you what the trend is or IMC ,on its own,to tell you via on-market buying or exercising of the options.
    A party that is prepared to take the small (IMO) chance that an upward trend is not in place could scoop up a decent (but small) quantity of shares for a small (by their standards) outlay and start to force IMCs hand.
    A display of aggressive buying could get the SP up and give IMC a scare .If IMC didnt respond on the market at least the SP would get out of the doldrums and every party would know that "somebody" is taking IMC on or knows good value when they see it. NOBODY is actually supporting the SP at the moment, the only buyers are " bottom scooping",IMO.
    As long as the agressive party doesnt push the SP too near to its fundamentals value then they will have have bought the shares well below "fair value".I dont see any risk whatsoever of a "no" vote succeeding so that risk is off the table.
 
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Last
19.0¢
Change
0.005(2.70%)
Mkt cap ! $308.3M
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18.5¢ 19.0¢ 18.5¢ $167.5K 885.6K

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No. Vol. Price($)
15 830773 18.5¢
 

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Price($) Vol. No.
19.0¢ 493730 12
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Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
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