Yes, I know how the top 20 is stacked...which is why I find it amazing that Eddie Smith is supposedly "ringing" people with as few as 3m shares.
If this "friend" of risktrader has been contacted by Eddie smith, it obviously isn't because of the size of his shareholding...since when does $32K worth of stock give you direct access to the inner workings of a $29m company?
LOL!
Anyway, as I have said, with my .00019% of the company, I am not expecting a call from Mr Eddie Smith any time soon...LOL!
In fact, I am not really expecting a 2.5c offer, but as I have previously posted, anyone interested in buying Bula, would more than likely also be interested in Oseil and the rest of the Seram JV...and from my own loose figures, any offer for the lot, would have to be more than 2.1c per share to succeed...which is why I found his figure interesting.
Anyway, given LIO's inability to make any real money out of their Indonesian assets, any serious offer might provide the perfect opportunity for them to make a strategic exit!
Cheers!
LIO Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
