i am back, page-55

Cheers anatol

Appreciate the reply. So in effect it will be up the the major shareholders to decide the fate of the company in the event of a takoever offer.

According to last year's annual report (released in Oct) the current top 20 shareholders make up 51.44% of the company with Buru being the top shareholder at 9.03%. The next 19 shareholders range from 1% to 5.09%. Therefore there is no one that really has the clout to influence others to accept.

Surely this would be good for small shareholders like myself because I assume that NSE would be unwilling to accept a takeover offer before drilling which so much potential.

I for one would be voting against any such approach.

What are others thoughts on this?

Cheers