I just don’t get this Propsed buy up - however Could the strategy here be a hedged bet on the oil price bring low. Buy another operator up cheap then sell the whole package when oil is back up - which eventually it will be. Kind of buying up the block next door to your house & extending before you sell it. I can’t see that they would want to explore too much in the current market without further decimation of share holder value - not that there is much of that left.
Ann: OFF-MARKET TAKEOVER BID FOR XCD ENERGY LIMITED, page-57
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Last
0.1¢ |
Change
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Mkt cap ! $28.93M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.1¢ | $199.0K | 99.54M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 324 | 1147945493 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 601285123 | 228 |
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| 88E (ASX) Chart |