anyone else getting seriously concerned?, page-9

Look, maybe a TO is being positioned by the buyer. Who knows, but 65% of the Register is owned by 20 major shareholders, including most of the big investment banks. A very, very rough valuation has;
Oil Reserves .50c per share
Cash .12c per share
CSG assets .18c per share

so at TO at .80c gets the unconvential gas and the un-explored Western oil Flank for free.
Nice if you can swindle it, but the top 20 shareholders are unlikely to take it.
Who is doing all the selling past few weeks, don't know..
IMO the recent selling is because SXY has been doing very little drilling and just caught up in the sector selling (compare to its peers). So Senex will fire up drilling & exploring again from July.....and we are still waiting on Skipton results. It all just requires patience. Santos are still in need of Gas for Gladstone, and if they also acquired Senex, they get the oil revenues and reserves....its a perfect fit. It just comes done to timing of when they, or someone else will pounce.