RE: RE: SP gyrations26 Jun 2018 16:22
People have been talking take over every time the sp drops.
So far seen very little in the way of interest, I'm also not sure that taking this private is of huge interest to the current board, after all they are after a return on investment whether it is public or private.
If there were a few more board deals buying percentages of the company you could summise this as the eventual outcome, but at this stage it would take a huge capital investment to buy what remains with institutions, shorters and private investors.
Contracts, oil price and improved financial performance will shift this share way before any take over.