takeover offer for rpm..., page-19

Hi TUI...Yes I do recall trying to find out aat the time whether that Roma Petroleum Pty Ltd (or something) was a subsidiary company holding the Don Juan asset. But I didn't get to the bottom of it and eventually gave up. You could well be right...but I just thought it was too much of a coincidence back then. All will be revealed over the next few days I think.

I was initially inclined towards the idea that Ian D put forward that BOW is trying to get noticed. It could be right, but Ron Prefontaine has just put on 2 new execs and there is now a reason for them to earn their keep. What this does do is possibly give BOW a sat at the table in gaining access to soem of RPM assets that QGC may not want.

At the end of the day an all cash offer from QGC is likely to succeed IMO...that might give BOW a small profit for its trouble depending how many RPM they have bought. But if Hudson is successful, all of a sudden BOW's offer will look good.

regards
DF