The purpose of this announcement as we all know is to meet the ASX governance...
But I'm still of the belief that we will see an alternative bid at some stage...
I find it had to understand that with the increase in oil and gas prices of late and add to this the increase in demand due to the economy fully opening up again...that the likes of Beach won't come knocking.... It may not be a cash deal but could easily be a scrip only or cash and scrip deal....
All the oilers have seen their SP appreciate over the last 6 months making it easier and cheaper for any of them to offer a scrip deal...
It would be ironic if that did occur as that was how I first became a holder of SXY shares many years ago when they took over Stuart Petroleum.
If this does happen then its all about the timing...
Does anyone know when we can expect the half yearly and also do we expect to see good growth or are we waiting on the next wells to come on line...?
Also when can we expect the independent review..? which again has to be a moving target due to the increase in our commodities as gsenevir points out above...
Lets hope February is the month we get closer to $6 rather than the $5 mark
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