All I have to compare this current situation to is PIR. The big difference with PIR though was the offer was firm, pretty much accepted by management early on & a long period until voting. Sp went up steadily & then began dropping due to waiting time given.
With OBS, we have no doubt a quicker window of offer as the sp drops. The complete opposite to what occured with PIR!
Yes, I guess I am presuming higher offers & also, I didn't like this new drilling campaign announced as it will simply chew through more cash now & they already have a proven resourse worth selling....
OBS Price at posting:
57.0¢ Sentiment: Buy Disclosure: Held
