BWN
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0.00% 4.9¢ bhagwan marine limited

rci bid now 50c

  1. sduncan
    554 Posts.
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    07/10/09
    11:13
    Post #: 5742772
    With a rival takeover bid now at 50c for RCI, makes you think why don't they come in and make a bid for BWN's much larger acreage, another party would only need to say double BWNs bid and could clean up big time, as the Indians will be forced to sell their shares back to shareholders that have sold. Shareholders can onsell their shares to a competing bidder.

    Might be some life left in the options yet.
    BWN Price at posting: 12.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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