Timber, if approached re a T/O the management have no choice but to consider as long as it is a creditable offer. Afterall they have to do what is in the interests of the share holders. On the premis that 105 is at the high end I would dearly loke to see a T/O at leat then we would see with some clarity as to the real value of 105 and 120 afterall there is a lot of acreage involved here. We would also get out of Paloma at a premium which would not be such a bad thing. Actually I think we would all do very well out of a T/O, of course that is based on 105 and 120 having some realised value.
NEN Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held