I am thinking that the due diligence is well and truly finished. Most of it was done last year .
I think what is happening is more about some large obstacles EIG and Brookfield have to get over. These obstacles could relate to agreement between Brookfield and EIG on values , with EIG not ascribing the same value to the APLNG project as Brookfield does. It might also be about how to structure the deal with a jointly owned bidding company and how they avoid preemtive rights being exercised on the APLNG project. The first issue would almost certainly result in a lower bid , which was already likely anyway.
I don’t know , but it may be possible that preliminary talks have been held with FIRB and indications that FIRB might object to all or a part of the deal , but nothing is approved until a firm offer is on FIRBs table to review.
So many potential roadblocks , and in the meantime energy prices seemed to have come off the boil.
ORG right now is priced around its true value , so buying now will either result in people holding the stock and getting reasonable returns or selling into a reasonable revised bid.
ORG needs to grow a pair and announce that after a certain date no bid less than $8.50 will be acceptable . In other words, pi$$ or get off the pot.
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I am thinking that the due diligence is well and truly finished....
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Last
$10.51 |
Change
0.030(0.29%) |
Mkt cap ! $18.10B |
Open | High | Low | Value | Volume |
$10.59 | $10.59 | $10.37 | $26.42M | 2.520M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 111 | $10.47 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.51 | 5537 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 16667 | 10.460 |
4 | 27003 | 10.450 |
2 | 13215 | 10.440 |
2 | 19328 | 10.430 |
2 | 14595 | 10.410 |
Price($) | Vol. | No. |
---|---|---|
10.510 | 5537 | 1 |
10.520 | 12022 | 6 |
10.530 | 11678 | 2 |
10.540 | 14981 | 1 |
10.550 | 490 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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ORG (ASX) Chart |