Buddy said If BPT's offer has been made unconditional, then they will get to keep what they acquired already. And while BPT is saying that DLS is spending a lot of shareholders money in defending the Takeover, isn't BPT doing the same thing, and spending shareholders funds to push ahead and getting nowhere.??
But, is this actually a smokescreen on what BPT is doing??
Buddy yesterday's announcement confirnmed that the offer was unconditional and closed on August 14. BPT will be acutely aware that their drilling is a drain on DLS funds. And defence of the takeover will be taking time if not money. Can only bring fwd DLS requireents to find more cash - isn't that exactly what BPT want to prove that even if you have good permits , without money or expertise they aren't worth as much as they are to BPT?
BPT Price at posting:
81.5¢ Sentiment: Hold Disclosure: Held
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