Any views/commnet please on the below?
Having met with the chiarman of SPC plus his investment team last year and read his anuual statements "SPC wants to increase and expand its own crude oil production".
Plus the big costly failures with the joint Santos Indo offshore Juruk oil field.
Thus SPC buying TAP with it proven oil production makes a very good fit and agrees with what SPC chairman wants, ie expanded proven oil production.
No news from TAP MO, wasn't he planning to have a meeting with SPC to discuss there shareholding. Has this meeting happen, where is the contiunous disclosure by TAP.
Hence I am wondering why SPC are taking so long to take over TAP.
Has Tap engaged new Investemnt bank/advisers?
Market cap of TAP = AUD 232 million with over AUD 100 million cash in the bank. What a steal. Takeover price would have to be north of AUD 1.70 per share?
Cheap at these prices.
Add to My Watchlist
What is My Watchlist?