the ONLY reason I can see the Board accepting this level of offer is because they are ultimately to be looked after better by the assailant than shareholders are! (in my opinion only)
I can think of lots of reasons to bail out early and for a budget price - none of them are realistic I would hope!
1. The gas is running out quicker than expected as someone got a decimal place wrong in the early days
2. Greta and the green activists look to win the battle and Australia will become a 3rd world nation
3. Labor will win he next election via an underhanded deal with the Greens
4. Hydrogen will blow up in someones face therefore an early exit
5. Fusion is close to being sorted - all forms of existing energy are soon to be redundant
6. The voting public wants Nuclear
7. Climate change is proven to be the crock that it is - read the book by Prof. Ian Plimer called Green Murder. Coal & Timber Pellets will become the feedstock of choice for power stations.
8. The water supply for India & China has been injected with a *ZPG additive *=Zero Population Growth. Global Energy demand will stabilize
9. Whatever the next schooner arrives with.
SXY Price at posting:
$4.60 Sentiment: Hold Disclosure: Held
