I observe the market - the fact the BG is prepared to offer a...

I observe the market - the fact the BG is prepared to offer a good size premium of about >30% (this is the current benchmark too - Jubilee and AGM) to Origin says quite clearly that our assets are undervalued and there are funding available for above $10 billion size transaction.

I am too lazy to work out OXR/ZFX current worth based on today share price but the headline transaction last month was I think A$12 billion??

The buyer could easily absorb two companies (I am holding ZFX too) in one go and paying not a cent more now and make all the shareholders happy at $4.00.

I bet OXR/ZFX did not expect such poor mkt reactions.

There is another possibility is the prices are being driven down systematically for certain people to accumulate. This is just pure speculation because the price actions are quite bizarre vis a vis other shares. Maybe not (?) because OXR and ZFX are not very closely held shares.