I agree N, I was worried about TO before we started Gurvantes, glad it didn't come then. I take some comfort that now we have the 1.2Tcf in the bank, any future TO will have to "pay up". Red flag for me is that we have done 4M today at levels that haven't exceeded recent highs, yet the sell side has grown over the day. In between now and the Petrochina MoU decision is the danger zone window for a TO. JMO.
TPD Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
