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Share
31/01/07
13:45
Share
I do not understand it either.
We receive $1.30 cash and.....
Surely the 'new QGC' is worth .50 cents because of:
the amount of land still availiable to explore and the confidence management has in this land
plenty of cash
substantial contracts with STO
proven quality management..... ect ect ect
I would have thought strong buying would have continued up to the $1.80 mark and surely the chances of a higher bid have improved.
I understand that at the moment, this is just a proposal, not an offer but I would have expected around $1.80 now to be the floor.
I think Santos has adequately explained why they could purchase shares in the 'new QGC' at a discount.
I assume the 'new QGC' would still keep the money obtained from the last rights issue last August?
I would imagine that if an IPO was launched with these positives and without the benefit of QGC history, .50 cents would be very reasonable.
I have been with this company for a long time and am very happy with it's performance so I topped up this morning at $1.61 thinking the above.
All comments/opinions appreciated.
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