I must agree with LITHGOW, this deal is being rushed through for some reason, presumable to our benefit. However many seem to have forgotten about a couple of things when considering our worth.
What about the rest of the company. (our current valuation is based almost solely on our Lacerta reserves.) We have a number other contingent resources, not to mention $80 million in cash, plus the designated LNG site. Surely this block of dirt would be worth some consideration in the value.
Some other companys may seek to take out SHG for this reason alone. Put a value on it!!!
Strong "Pub talk" a while back (6-8 weeks ago) was that there were more reserves coming imminently. Wonder what happended to that????
Can't see why our top shareholders and the board would tear up millions of their own money to see this go thru on current valuation unless there is more coming for us, or for QGC in immediate future.
Surely there has to be more on the horizon.
Any ideas out there???
SHG Price at posting:
$2.91 Sentiment: ST Buy Disclosure: Held
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