It is hard to interpret what is going on at the moment, but I wouldn't read to much into the announcement
ATP 855 is everything to Icon, so they want to get out every scrap of information.
If the results are good based on past experience with ADE, Beach will be looking to mob up the rest of the holding in ATP 855. So it is in there interest to announce only what they have to. And you have to remember that Beach is feeding Icon the information for the announcements.
The other thing which I think is extremely valuable in Icon is the GSA they have; but I'm not sure if the rights of the GSA would pass to Beach. If they did a takeover of Icon; maybe a merger?
I personally think we will see some sort of takeover action in the cooper basin of one of the mid-cap companies in the next few months; which one I don't know!
It is hard to interpret what is going on at the moment, but I...
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Last
$1.14 |
Change
0.005(0.44%) |
Mkt cap ! $2.589B | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.16 | $1.13 | $8.810M | 7.727M |
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| 3 | 46969 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 82338 | 3 |
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