I get the sense that ONGCs tactics might have been formed by the backlash they got to the price paid for Peter Levine’s Russian venture. Would serve them right if this miss out here and gain bigger backlash.
Maybe the Duffster ought to put us on the Align Research lsit with INTU and MTRO and others... Would have probably done better than appoint 4 x brokers who have only helped bring the price down
"do I hear a cash call coming?" - get it checked. FWIK, they CANNOT do that sub 10p (face value of the share). That is a mighty rise from here to get one away (plus transaction costs).