BRU 1.25% 8.1¢ buru energy limited

Twiggy move on Canning Basin, page-53

  1. 26,767 Posts.
    lightbulb Created with Sketch. 4580
    well I think he gives more than that to charity. Forrest or anyone makes hostile bid at 28c or any silly number anyone can think of, the SP immediately opens at that price and probably adds 30% in anticipation of a more serious offer. So Forrest would be daft to go hostile and he can't think of a big enough number for a friendly.

    Great if I'm wrong and we eventually quickly get taken out in a bidding war before Xmas for say 37c which is about my target anyway.

    But I would rather Eric just signed up the traditional owners, announced the major TGS farm-in, built the oil transport and export infrastructure with our current JV partner, recommenced oil production and drilled Praslin and some Anderson holes all in the next 6 months and marketed the company like he says he's now doing and the SP found a way of heading to $1.50 instead.
    Last edited by CEOChair: 03/11/16
 
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