BUY 0.00% 0.4¢ bounty oil & gas nl

buy's not in the halt?, page-13

  1. 238 Posts.
    None of this makes any sense.....

    The Indian company are reportedly willing to pay $1b for 20% of Advent' share (85% of the total) which is roughly 17% of the total.

    Given BUY will own 15% once the drill is complete surely a takeover of BUY would be a far more beneficial for a buy in to this opportunity for this compeny.

    Getting involved in what is a messy patchwork quilt of ownership in Advent or a complete takeover of Bounty for roughly the same stake at probably a lower value...doesn't seem to add up to me!!
 
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