RE: PHEW!5 Oct 2020 12:35
Its incredible the armchair experts on here.
How can anyone say the rre offer was "cheap" when it was 50% higher than currently and it has never got anywhere near 20p since then, lol.
I am not sure it would have formally crystallised at 20p but if it had, that certainly was good value at the time.
There is always a significant gap between pis and professional valuations of assets and that has been shown shown by the delt pi holders today.
To say 20p at the time last year was derisory is a joke and then to infer that because rre is no longer in existence "proving" this statement is even funnier!!
So do you guys know how much it was floated at, when and how much it sold for?!
The respective mgt team aren't in the same universe let alone planet, lol.
There are plenty of good n sea assets up for grabs at the moment and no real need for exploration upside, christ look what the munters here did with the exceptionally high cos / pos of Harvey!
Be realistic guys, yes this will come good eventually but there have been far better opportunities along the way.
All imho and dyor of course.
Ps holder of about 700k IOG in what I think appropriately risk balanced portfolio.
Best of luck all.