It would appear that both ICN and BPT management have done well to navigate thee companies through to the forthcoming success of Halifax 1.
To power ahead, it would make sense for both companies to 'merge' via a share crip from BPT, thus avoiding cash outlay and also allowing ICN shareholders to continue to share in further success by BPT. It would also allow all ICN and BPT shareholders to deliver on and even further leverage the GSA held by ICN.
The scrip strike price would allow for a premium to the ICN share price.
This larger entity would also assist in JV negotiations with the big boys to develop these shale assets into a significant production stream.
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Last
$1.49 |
Change
0.015(1.02%) |
Mkt cap ! $3.399B | |||
| Open | High | Low | Value | Volume |
| $1.48 | $1.51 | $1.47 | $9.879M | 6.634M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 119980 | $1.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 67389 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BPT (ASX) Chart |