By making their formal offer DLS have ensured that in the absence of a superior offer in 21 days from this offer being made they get republics remaining 18.82%. If I was sxy or the third party I would be moving to 10% holding however they may believe that they do not need to in order to ensure them selves a say in the poker game that is unfolding.
The amount of shares moving on to the market to be sold following the formal offer has surprised me and I once again believe we could see who the third party is this week as they hit the significant shareholding limit.
It is possible but by no means certain that the other players may have been waiting for the formal offer or the target statement before making an offer themselves.
New well flows and a succesfull frac of the missed deposit on the well being worked on would normally add to the sp I dont know what it would do in this situation
I totally agree with the poster who said they are not selling till the drilling is over much of this game has occurred in order to get the companys resources before the results are in hopefully they wont succeed
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