EMP 0.00% 1.7¢ emperor energy limited

Do any of us really know that the proposed transaction referred...

  1. 754 Posts.
    Do any of us really know that the proposed transaction referred to in the last ann. quoted below were going to be that which was finally decided upon?

    From the last ann.page2

    "The Directors of OBL believe that, by contrast with the prior proposed transaction (refer to OBL’s ASX releases dated 15 November 2012 and 15 January 2013), the present transaction is more of benefit to OBL and its shareholders."
    Points made.
    - offers certainty
    - creates options to enter into
    - less dilution
    - OBL retains control
    - maintains T/O premium & option
    - both agreeable to sourcing Super Major/s when the time is right.(from OXX ann.)

    Having re-read the ann. I put to you that the points listed would not have been possible with the prior arrangement.
    You remove all of those options from OBl - give away another 100mil shares - and whose is to say that the monetary contribution in the final draft was that which was originally stated.

    For that reason I am confident in the decision made & look to the future.
 
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