sp, page-54

Well researched post Jake.

Based on the premiums paid for QGC and AOE, I would'nt sell out of this for under $1. The imediate hurdle they need to get over is to provide a satisfactory explenation for the trades that took place over the last week or so ie. turnover of just under 5mil....... less than i% of the coy shares on issue. Until then, I think the coy will be in a trading holt.
As for the takeover premium, this is upto the management to hadle it and they should take a leaf out of QGC and AOE (now potential suitors via BG, Santos etc), There ia lot at stake and I hope the Directors are up to the task to get every cent out the likely preditors.