A few things to note
1. As I read the Ann BPT already has 19.9 percent at an average I woul assume somewhere in the 6s therefore if we have a counter bid I wouldnt b surprised if BPT simply turns a profit
2. They are buying existing oil 2p reserves and potential oil 3 p reserved so at worst the move will be neutral
3. They are expanding the CB acreage for the shale play
4. They are using cash not shares which is also good.
5. Itc director owns 20 percent of company so it will be easy to get over 75 percent threshold unless VPE block
Nice move IMHO with limited downside
beach and impress to merge, page-8
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Last
$1.45 |
Change
0.020(1.40%) |
Mkt cap ! $3.307B | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.46 | $1.44 | $6.124M | 4.220M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 35145 | $1.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 92728 | 4 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| BPT (ASX) Chart |