Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Thanks troajan. Better than the glr nonsense we was in lol
you guys are going to have an early happy new year,
on wednesday
Still looking 100% on open especially with day traders piling in. The fact they have given them a month or so to decide must mean that it’s real. They would not have approached Ophir unless finance was sorted. Wednesday mornings coffee with be worth tasting indeed !!!
Well done too all holders here, wish I had bought in last week ! 70p a share is probably the offer
For immediate release 31 December 2018
Ophir Energy plc
Statement regarding the potential acquisition of Ophir Energy plc ('Ophir') by PT Medco Energi Global PTE Ltd ('Medco') (a wholly-owned subsidiary of PT Medco Energi Internasional Tbk).
Further to the share price movement in Ophir, the Boards of Ophir and Medco confirm they are in discussions about a possible cash offer to be made by Medco for the entire issued and to be issued share capital of Ophir.
This announcement does not amount to a firm intention to make an offer under Rule 2.7 of the Code and there can be no certainty that any offer will be made, or as to the terms on which any offer might be made. A further announcement will be made as and when appropriate.
For the purposes of Rule 2.4(c) of the Code, in accordance with Rule 2.6(a) of the Code, Ophir announces that, by not later than 5.00 pm on 28 January 2019 (the 'Deadline'), Medco must either announce a firm intention to make an offer for Ophir under Rule 2.7 of the Code or announce that it does not intend to make an offer for Ophir, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. The Deadline will not apply in circumstances where either: (a) it has been either extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code; or (b) Rule 2.6(b) of the Code applies, by virtue of a firm intention to make an offer for Ophir having been announced by another offeror prior to the Deadline.
Well done to investors who bought inbrrxebtky like myself. Personally I keep mentioning the Tanzania gas asset where the 20% will cone in to production in a few years and 20% was sold for $1.3b. For me it’s told everyone that ophr are up for sale but more importantly the DEADLINE is for 27 days or so giving others ample time to make counter offers. Again just my opinion but depends on Wednesday and if we get a trump assisted blue day then these will sky rocket to 70-80p. 100% rise is guaranteed just based on their production levels and cost per barrel. Very very happy new year folks. What a perfect start to 2019 ps. They could have waited til Wednesday.l but wanted everyone to chew it for 48 hours
It doesn't work like that,
AA,
I know it's a little fingers in the air, but OPHR have some great assets. The RNS let the cat out imo, so PT Medco Energi had to act, flushed out by our board, great move.
Given a single interested party I would see an opening offer of around 63p (+75% to closing SP), with an opening SP at around 54p. Now this is where it will get interesting, how did PT Medco Energi acquire shares ( which I'm sure they have done) is critical to the t/o offer. The highest price in the last 12 months is 95p, that will do fine for me btw.
I would also put money on there being at least another interested party, (which we will know soon enough) should Fortuna be renewed all bets are off, SP could go anywhere. The fact that the licence decision has not been made, to me, tells me there is every chance that Fortuna may still be in play, and as such should offer significant value to any potential takeover value.
If nothing comes of the announcement, which I doubt, given the RNS wording, then at least our SP will say adios to the 30's and 40's for ever imo.
gla
It is shame, PTE Medco has sterling equivalent SP of 3p, in this way Ophir's current share value will go down ...
Also many pi,s hold at high level, unlikely they will recoup.
This has been held down at this daft price for a while.Now we know why. Given time i would have expected this to recover to multiples of the current share price (longer term) so i see this approach as unfortunate
I know that you mentioned this several times and certainly explains the trading pattern of late, the question now is, what price?
Always been on the cards, just had to look at the the never ending 'AT' BoT trading over many months, just watch the TR-1's flood in now !
http://www.publicnow.com/view/7230878E38C1553F8473BEFDA9A240ADE6C96C1E?2018-12-31-19:00:08+00:00-xxx6685
Its such a shame that this is on the floor price wise because of a ) the poo & b) fortuna uncertainty, and the value of the santos deal has not been incoperated into the s/p, probably be taken for a song.
Suprised they never rnsd before it was otherwise announced, but ophir where never on the ball with keeping the shareholders up to date re :- fortuna etc.
Should make an interesting day on Wednesday I am not in but will see what the SP is on open..
According to google 6.30pm
(“Ophir”) by PT Medco Energi Global PTE Ltd (“Medco ... - Ophir Energy
https://www.ophir-energy.com › Press releases › Home
44 mins ago - Statement regarding the potential acquisition of Ophir Energy plc (“Ophir”) by PT Medco Energi Global PTE Ltd (“Medco”) (a wholly-owned ...
A cash offer?
What time today was this released?
Coldspy must be psychic. GLA
Could be coming people
And ended with a high UT.
Well at least it's lifted it's snout out of the gutter.