SXY 0.00% $4.60 senex energy limited

Anyone think its worth acquiring a material amount on the basis...

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    Anyone think its worth acquiring a material amount on the basis that at worst you will receive a ~1% (5c) div which will be fully franked (?) over a couple of months (anyone know what the timeline for ex and payment would be?) and money back in March. Effectively this would give you a no cost option on any upside should an alternate bidder appear right? Am I missing something?
 
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Currently unlisted public company.

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