icn about to break out on open, page-23

Agree Sotirib that that's what some are thinking. BPT now have access to $600 mil and that is for "exploration and development" and to bulk up its reserves.
Very cryptic and ambiguous!!
But, surely, most of that WILL be needed to explore and prove up their VAST acreage all over the place. It will be an extremely expensive targetto achieve.

So, how much would they have left to make a play on ICN??
Still reckon that with the SP now approaching .30, nothing less than .50 would get them anything like 50%. So, would they spend over $200 mill just to try and probably fail miserably.
I still reckon that with at least 23% very tightly held, their chances of getting even 50% was lost when they didn't try when they were $1.70 and we were .17. Now at $1.57 and $.30, it has become too expensive.
But, you are right, it must be something as significant as that to engender this very solid buying.
Let's sit back and enjoy, shall we?