well said gassed,
i did a quick calc. not to accurate but:
ADE 20% of ATP855
10% of PEL218
Oil assets
ICN has:
40% of ATP855
33%(?) of upper PEL218 (sounds prospective for CSG etc)
other CSG permits
Vict assets (which beach/somerton bid for0
Stanwell GSA
Chinese GSA
SO ADE offered $92m for 10%
so as Pinto pointed out, 20% worth $184m?
whilst thats pretty rough calc, it is a pointer.
ADE 's 10% of PEL218 got to be worth more than ICN 33% of upper layers of PEL218.
but if we use $184m divided by 469m ICN shares equals 39c per share !
have i missed something?
lookin much better than current 16c.
cheers
- Forums
- ASX - By Stock
- ade takeover news by bpt
well said gassed,i did a quick calc. not to accurate but:ADE 20%...
-
- There are more pages in this discussion • 12 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
|
|||||
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
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online