As you were saying before Oz the share price is now down to 5c...

As you were saying before Oz the share price is now down to 5c trading online if you were to buy now you can make 10% if you believe the deal will go through at 5.5c. At what price will it trade down to if the market believes the deal will get blocked?

NIDO could easily have $40million in cash by the end of the year without a deal, valuing oil production from 2015 till 2020( thats five years forecast production), granted it will drop off, they will get for 12 million a year, doesn't sound right does it.

Sell the rest of the assets off for $20 million, close the administration 5 million a year, no directors etc another $2 million a year.

That's another $7 million a year

No more technical people either just a few to keep galoc on track or outsource it to OEL for a fee.

So in effect they BCP get 5.5 years of free oil with at least a seven million saving and to boot fill there refinery.

Maybe we should get the BCP gut to come and run the company like a business.

Can anyone do the maths and this is the best deal we can come up with! WOW