To-day's strong close looks a bit more than punters 'action.Tullow I believe see $3 plus value in HDR to bid $2.02 cash on the back of the Aussie dump to $1.20.
I expect they have another 20c ready for a top up if needed and if Kingfish comes in ,that decision will be easier.A serious counter would need to come in at $2.30 plus to take Tullow out of the game.Remember surprisingly they did very little pre-bid buying,so M.L.'s position will go to the highest bidder.
Patience is the play,just a shame another good Aussie company falling to offshore players,will we ever learn???
SEARAY
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To-day's strong close looks a bit more than punters...
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