If I was Baldwin I would be thinking about plan B.I cant imagine him quietly sulking in the corner for long, and there are many ways to skin a cat.
He could approach BG or any of the big players who want to top up their own reserve picture, and suggest a takeover.Of course they would wait until reserves are proven. I would think you could pick up most of the company for approx 40 cps if you acted early, which would get BG a good size reserve for a reasonable price.In addition to the reserves acquisition they would also have the Stanwell cashflow which hasnt really been fully priced into the sp yet as reserves yet to be proven.
Occam
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.208M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| ICN (ASX) Chart |
Day chart unavailable