I can't understand the situation. It should be "RAI takeover NDO", not "NDO takeover RAI".
Interesting time ahead:
MC of (NDO+RAI) should be $300million+ (once merged)
But Now MC of NDO + MC of RAI = $90million only with 50million cash funding ready, expected combined oil production 13000 bblpd.
Either every 3 NDO shares for 1 RAI share, or every RAI share for 3 NDO.
Anyway, both NDO and RAI SP should double at current price.
.
nido petroleum keeping mum on raisama takeover, page-4
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85.0¢ |
Change
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Mkt cap ! $193.8M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 85.0¢ | 85.0¢ | $21.11K | 24.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 85.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 88.0¢ | 20000 | 1 |
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| NDO (ASX) Chart |