BOE 4.08% $3.57 boss energy ltd

AGE Takeover/Merger, page-6

  1. 1,193 Posts.
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    AGE would have to grow the resources base significantly for BOE to even consider a takeover.

    18 mlbs isn't enough and depending on how the contracting goes BOE could be cashed up. As a shareholder i'd hate to see this company pay a premium for a small deposit that wouldn't really add significant valve.

    i think anything over 30 mlbs in reserves might be worth it as the deposit is ISR.

    they have 10.7 mlbs in indicated so i'm assuming they might concert 8 mlbs of that to reserves.

    long story short i'd much rather them spend money on organic growth around honeymoon exploration sites or buy another asset of sufficient scale.
 
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