Mr. Brightside21 Apr 2017 12:20
At least we havent gone bust like some companies so not a disaster, just annoying.
If the pound had strengthened sooner I doubt enough would have sold to Delek, as it is it justs adds insult to injury.
After consideration, for me it will be a reluctant acceptance of the offer now, too much uncertainty around the liquidity of the remaining shares and interest in them.
On the bright side there are plenty of other shares offering good potential, perhaps better than Ithaca would have been so it might work out for the best.
A few of many examples: AMER is undervalued with it's new pipeline economics, FOG has a massive discovery only being held back by a token moratorium, can't see Australia turning it's back on such prosperity, the risk/reward is worth it IMO, and how about MTFB potential billion dollar antibiotic largley derisked and undervalued, just a few suggested options for your Ithaca cash, just dont put it all in to one of them, may even be able to buy a Delek listing eventually and participate in the Stella story that way.