Can't see the offer being below 30c "Amadeus received a number...

Can't see the offer being below 30c


"Amadeus received a number of attractive bids for its assets and for its US subsidiary,
however the Board did not consider that the bids received for the Texas, Oklahoma
Amadeus Energy Limited
and Louisiana properties appropriately reflected the significant upside potential of these assets and as a result has
decided to retain these assets and develop them further."

So after getting 60.25mill sale for only half of their proven reserves which is 38% of fy10 revenue aboslute min would be 120-130mill for the lot or 35c-40c for the lot surely I'm certainly not going to take a sub 30c offer
do you really think any of the top 20 would ??

It would be a major waste of time if a high 20's offer came about only good thing would be the shares would trade higher