re: asic first then takeover panel pls also briefly look at the...

re: asic first then takeover panel pls also briefly look at the numbers below. then ask oneself why sell so CHEAP.

Peabody Energy (BTU in US):
number of shares 269 million
sales USD 7.97 billion
current share price USD 16.59 (after a few market down days)
valuation/market cap USD 4.462 billion
sales to valuation ration 0.559

Arch Coal (ACI in US):
number of shares 212 million
sales USD 4.2 billion
current share price USD 4.20 (after a few market down days)
valuation/market cap 0.2120

CLR's ratio is only 0.127 if the sales reaches $565m.

$0.455 for 100% control of CLR is just TOO CHEAP !

most of the companies quoted above have enterprise value far exceeding their market cap ! take note of this FACT !