HZN 0.00% 19.0¢ horizon oil limited

Shows that management can stitch up a deal, hire a consultant to...

  1. 10,075 Posts.
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    Shows that management can stitch up a deal, hire a consultant to ok it and put a gun to our heads to make us agree to it but then the market makes its decision and watching the SP it is harsh. Market is saying it's a bad deal, kicks the debt down the road at the cost of losing control of the company and the clock is ticking on 3 years repayment. Anyone still think we would have done worse with an asset sale? They could still do it in my opinion, rising POO has increased the value of our assets so they are no longer at the bottom of the range. A sale of all assets and settling debt would likely net us a return near twice the current SP. IMC with an average price of 13 cps would hate it of course but so what? Even if they swoop on the options they still won't have the firepower to stop a sale.
 
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Last trade - 16.10pm 23/08/2024 (20 minute delay) ?
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