Yurt Head,
You are absolutely spot on.
Whilst there is a tonne of negative sentiment towards VOC at present, whose to say that there actually was interest or a bid/s of 3.50 on the table from one or both bidders??
Is it that hard to fathom that the board would not accept the 3.50 bid which was largely regarded as a "low ball offer" in the first place.
Do Remember that less than 12 months ago VOC SP was above $9 so wouldn't be that unrealistic that the 3.50 bid would be looked at by the board as a compelling offer or one to proceed with??
If the above scenario is the case, then the current SP represents exceedingly good value.
Yes, VOC has had it's fair share of problems and given its shareholders many sleepless nights in the last 12 months (including me!) .
Yes, their management team does seem like half a basket case
and Yes are there safer options on the market at present but......
They may not be the Dog (with flea's) that everyone thinks they are.
Thanks,
Rick19
- Forums
- ASX - By Stock
- VOC
- Ann: Becoming a substantial holder
Ann: Becoming a substantial holder, page-21
-
- There are more pages in this discussion • 5 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 VOC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online