The AWE takeover is now at about 75% acceptances after a tussle which started at about a 40% premium - CERCG, and ended up at a 90% premium - Mitsui. There are a few holdouts (Seven West and few activist investors) but the deadline for accepting is closing fast. It will be interesting to see who folds before the due date.
There wouldn't be many FAR investors that wouldn't be in the green if a 90% premium takeover were to eventuate.
I for one wouldn't be happy to get taken out at 15c due to the potential that we know is as yet untapped in FAR, and where I think the oil price could be sometime in the next few years.
FAR Price at posting:
8.1¢ Sentiment: Hold Disclosure: Held
