Tbf most instos avg approx $1.20 as Timbo analysed earlier this...

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10/05/18

15:30

Post #: 33014671
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Originally posted by mrwalker ↑

As we approach what I hope is the very pointy end of the stick, there is much talk about the subject of this thread. I sincerely hope that neither a merger or a takeover occurs as we inch towards that which has eluded us for so long. When whoever it is signs on the bottom line our SP will meltup as Timbo reminds us and from there FID, more melting up, Thor's hammer will have nothing on the flurry of activity of our legendary shovel then a listing in the U.S., and the sky's the limit. Having waited this long, I don't want to see any opportunistic takeovers/mergers or whatever especially from this SP base.

Let's say we hit 60c for whatever reason in the next 2 or 3 weeks due to all this speculation. It's feasible. Mr Takeover then comes in out of the blue and says I'll buy you out with a 50% premium to the 50% odd rise you've already enjoyed in the last month. Nahh, I'll just double it!! I'll give you a buck twenty! How generous am I?

So effing what I say. How many of my fellow shareholders are in this for a lot more than $1.20 for instance? You'd still be behind. Our major insto holders are holding at an average of far greater than this and as they've held for longer than a lot of us, they certainly won't be saying "All yours Mr Takeover."

No, too much to look forward to now we've come this far. I've only pulled these figures out of the air to illustrate a possible scenario. I do not want it to become a reality.

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Tbf most instos avg approx $1.20 as Timbo analysed earlier this week.

It's possibl a takeover offer could be well beneath that mark but those instos are tapped to raise much needed capital at there lowest buy price yet. They average down, the new owners have ample working capital...

Shareholders though....

I'd say not to a takeover or merger and I've got less than $100k in this.

Anyway, volume is good. Let's see where tomorrow finishes and next week begins/finishes.

That is what will be telling.

LNG Price at posting: 46.5¢ Sentiment: Buy Disclosure: Held
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