I wasn't doing total buyout price or debt dependencies gents, I was just sticking a finger in the air at a per share figure that looks nice, however, when you look at the huge assets (granted they still need verifying) held by FRR, then 10p would be appear to be a right royal shafting!
Show us the oil, show us the gas and show us the money!!
Is the expenditure not recoverable against tax so even a buy out for 880m would really only cost the buyer approx 430m ? tis too cheap me thinks....just get on with it guys and make all us LTH happy for once.
I can only assume that all these sales are from people who jumped in recently on maybe T+10 or even T+20 and are now getting cold feet, or don't have the cash to take up. Assuming we are on the brink of something good then why sell unless you have to ??
B64, don't disagree with that kind of valuation or even more, $1-2b, but isn't the issue and dependency the RPN/debt restructure and resulting number of shares?? So the same but-out figure is spread more thinly and the share price is diluted heavily - we have got the full RPN picture nor the conversion price to estimate the impact. Still, I'd settle on 880m and even 5p a share!
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