You are not a cashed up company.
We only recently struck oil! And you expect a cash offer so fast? Quadrant got sold after years of interest from Santos who had detailed and intimate information about Quadrant's portfolio. Quadrant showed all their forecasts, revenues, budgets, debts etc and a decision was made.
No one here is questioning the possibility of a takeover but rather the manner you expect it to happen!
Is it better to put in an offer that CVN would recommend its shareholders to reject? Or rather try to have them concede with something appropriate? The former is basically impossible. 60 cents that you keep throwing around would not buy out CVN at all at this stage. Adrian Cook would definitely advise us all to reject it. A lot would concede but definitely not enough for someone to buy out CVN.
You are not a cashed up company. We only recently struck oil!...
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Last
20.5¢ |
Change
0.005(2.50%) |
Mkt cap ! $366.6M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 19.5¢ | $357.2K | 1.791M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 190000 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 832037 | 13 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |