Brotherseven = it was my understanding Shell haven't walked away from Nigeria and that Shell buy our product off Eroton currently at a guaranteed price - Shell have wisely backed away from the oil front line so democratising the product for Nigerian national the ownership of the fields - I particularly liked the newly created Eroton subsidiary with increase field outputs tied to local share ownership - good move.
Not sure,but T will get what they want ultimately however Nigeria may not materialise as they anticipate simply because it's Nigeria,and Shell have walked here just as Exxon exited Poland obviously our esteemed CEO has a different assessment of potential than proven industry leaders.The writing was always on the wall when T joined the Sle carousel.Time will tell but I expect T will have 100pc within the year .GL
Seems to me that Fanning and Co are holding hands under the table with Tosca. Tosca still need more shares and want the SP to stay low. By giving no news whatsoever, the price will always tend to drift lower. However, am I correct in assuming that in any squeeze out, the price offered to PI's cannot be lower than that paid by Tosca?
I also wouldn't be surprised if there iisn't formal confirmation that the Chineese have walked but from your following remarks I think you meant "I wouldn't be surprised if there is formal confirmation that the Chinese have walked"
I wouldn't be surprised if there iisn't formal confirmation that the Chineese have walked, which will trigger a fall and opportunity for some more heading to the door and buying from TF. I have no doubt that TF want to take this private and squeeze out II's that have held thinking they will be part of a good multibag. It may well be worth a lot more than current valuation but I have little doubt that anyone other than TF and their mates will eventually share some of that enhanced valuation. TF will sell through a bid process eventually but that will be once it's out of sight of current holders and AIm read.
I would tend to agree under normal circumstances but given the players I remain sceptical,firstly TFund is a highly active vulture hedge fund ,just look at the various short positions held on a number of listed companies that ,coincidentally for want of a better word ,are stressed.Additionally I suspect that the supposed Chinese investors have done a DD and have walked away from the deal and a shift south in SP will support my theory not that I could be bothered anymore with Sle antics,as someone has pointed out there are better places to deploy funds on AIM than remain as fodder for greedy hedge funds,all IMHO.Gl
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