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Your not wrong Gary. Lots of volatility with hopefully more ups than downs. Time will tell who was more accurate!
If you're right I'd take u all down the pub for a beer and LC can have seconds!
17p !!!!!!!!!!!!!!!
12.5 cash and rest in shares. Low ball! But a starting position
LuckCounts
If you disagree with someone, try deploying some counter arguments rather than just calling them names.
LuckCounts sound suspiciously like a "sober" day-time version of BaysilHope ;-)
i've reported you now, LuckCounts. you have no idea.
i hope LSE admin finally suspends you.
meanhwile the Brent oil price is up + 2.3%...
rossannan
"LuckCounts
If you disagree with someone, try deploying some counter arguments rather than just calling them names."
Here is the problem I have with your posts rossanan, whilst I supported my price of 49p with a list of assets to get to it.
U just trot out 12p double again & again. Despite virtually everyone saying 12p was a massarged joke. At least counter the reasonable arguments to your own valuation methods, rather than appearing not to listen & develope an evolving position.
I have as little clue as you to the final outcome, but my 49p had support (but im sure it'll get discounted in any deal) & my valuation technic based on assets may also be wrong, but I will evolve my expectations as thing develope.
I fully expect you to be spouting multiple of 12p (a fatally flawed 12p at that) arguments again & again, really whats the point of conversing with someone not willing to listen to the opposing view at all.
Oh jesus, you reported him - he actually posted an interesting viewpoint
you are surprised? it was discriminatory and inflamatory - just like M&P's offer.
you might not like the way he's saying things but he's posting some pretty damn interesting stuff. try not to get your panties in a twist hey.
"I am still here - Bigsmoke will be suspended prior to me I assure you of this ;)"
- i really do not care and do not appreciate the threats.
it is not me that is infatuated.
If they want to stop a low ball offer now is the time for a share buyback, we have the cash to defend ourselves.
Catching up here so has the 17p been turned down? Trying to catch up in between meetings. Thanks
with you gary. no one is paying a premium for cash - esp. if they have deep enough pockets to fund purchase. may as well put it to work at the right time.
Wolster/LuckCounts
It is very simple - tell me about the oilers taken out at more than twice the “starting price” and, when you can’t, tell me why it should be any different this time. One possibility would be significant drilling success while this process is ongoing, but other than that? I get your frustration if you are in here at higher than the likely exit price but don’t take it out on folk who are simply trying to tale an objective view of the likely outcome.
Why would the IIs support a lowball offer?
Michinoko plus board have 16% so with any support from other IIs they hold the cards
rossanan
I put effort in my last response to you & got repaid in the same old tripe.
End of conversation.
LuckCounts - ok, here it is: if AMER is over 30p by end of August then I'll buy you a yard of ale. If it is under, you buy me a bottle of whisky.
Wolster
I must have missed your list of oilers taken out at more than twice the starting price. The reality is that talk of near 50p from a 12p starting price is just nonsense and if you want folk to even entertain the possibility of 30p you need to show them other oilers that have been taken out at 2.5 times the starting price. Twice the starting price? Not out of the question - I have seen it happen, but the chances are that is pretty much the limit, barring game changing drilling success while this process is ongoing or AMER halting the process and coming back into play at some point down the line (but we both know what halting the process would mean for the share price in the short term).
sadly i agree. the sector is unloved hence an obvious takeout target regardless of 'potential'
LC - look at Ophir - 12 months prior to take out most analysts had a 70P++ price target (i know there was mitigating circumstances with fortuna etc) but it was sold for a snip (remember the Salamander asset too!!)
that is why the crows are circling. i dearly hope the optimists win out (30P++) but i fear the realist mid 20s at best might be nearer the money. needless to say i hope i'm wrong/
Ok we valued this deal on totally different basis point.
I went asset value.
You went multiple of *******s value.
Now I broke down my asset value (which you have not made a single coment on)
Whilst I commented on why I thought the 12p was not a relevant start point.
I was trying to not respond to you further, but well done you won that morale point, now f### o## unless you want to talk about the asset build up case at all.