Let’s work this out. Reg said “Our move to 100% ownership of the Bodalla oil fields and the resultant quick returns have already shown the benefit to shareholders of acquisitions, and we are regularly on the look-out for similar opportunities – whether they be farm-ins, the purchase of new acreage, or other growth avenues”
Hands up those who feel a company needs 30 million for farm-ins.
Hands up those who feel a company needs 30 million for the purchase of new acreage.
Hands up those who feel a company needs 30 million for ‘other growth opportunities’.
Everyone in the third group?
C’on beach, just admit you’re in takeover mode. This is a very poor effort at hiding what you are doing…
As for the 33c mark, by the time you deduct the takeover % from beach’s price 33c might well be fair market value.
J-Fo
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Let’s work this out. Reg said “Our move to 100% ownership of the...
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