Nothing more can be said.. 100m in the bank 65million owed.. all assets valued a nothing and the market still marks us at 20% below cash in bank and money owed..... Only Bowleven, even with the for sale sign up..
This is the best news in nearly 4 years, the only way the share price goes from here is north and I imagine by a significant amount.. could be a massive day tomorrow..
We will never get to that stage.. this has been orchestrated for a long time now.. We will be wrapped up and closed way before the appraisal wells and FID. I bet Kevin is ruing the day he got in bed with the Russians and New age.. Another deal was on the table but he went this route.. 56p is about 1/2 of what I feel we could get but...the market knows we need to do something and it's not moving us up in a manner that would make us believe something else was possible..
Etinde we be sold with the dues of 65 million owed... 56p is a low ball offer but still 60 % higher than we are now..