I don’t know enough about these terms, someone care to investigate?
But yep no chasing offers.
And who would come and offer more in this macro environment ? That’s the real problem. Opposition to fracking is now intensifying.
Rock and a hard place but T20s like IDG would sooner let it tank to 4-6 cents or even 1-3 cents then try and wrangle a takeover deal for less again.
It wouldn’t take much to block the deal, IDG just has to take action against LNGL and this would send the SP down to 1-3 cents. Then the Singaporean mob would bail and IDG would pick it all up for 4-6 cents. Too easy.
