Regarding the Victorian stuff :
I'm not sure how good they are , particularly if they are hooked up with Lakes Oil. Pretty good for burning shareholder cash and not much else if the Lakes Oil experience is anything to go by. Also , there has been significant resistance for coal seam gas exploration ( Bass Coast Shire ) , coal mining and even onshore oil exploration in the Gippsland area of late. Not my view , of course.
Takeover valuation :
The 'potential' versus the market value are two vastly different things. Shareholders have regularly been disappointed in takeovers when they have been bought out for market value plus a little bit rather than their ' potential ' value. E.g. AOE , ESG , BOW and a million other sad stories that can be found on Hot Copper . Even when resources have been proven , getting them to market over time requires a significant discount hence why shareholders can end up feeling ripped off.
I'd happily accept the 2 for 1 deal now. Apart from a nice profit , our interests would be looked after a far more professional , motivated and efficient management group. Additionally , if 218 and 855 were proved to be as expected , we all would make plenty out of BPT .
Cap raising :
Any chance that the sp is being pumped prior to a cap raising in order to make it more valuable ?
Gassed , do you know what our most recent cash position is/was and what our current annual cash burn is ? That may give us an idea of whether we're in line for a CR.
- Forums
- ASX - By Stock
- ICN
- icn about to break out on open
icn about to break out on open, page-129
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ICN (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.608M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
ICN (ASX) Chart |
Day chart unavailable