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I would want the share price a good bit higher than today's price before a takeover is announced. How can any company justify paying 10x market cap for another?
Has anyone got any examples of sales and the premium to share price paid in a politically challenging area of the world such as Kurdistan?
A once upon a time market cap of 4 billion sadly seems a distant dream/memory now.
£6 for me. Though I'm hoping for more, much more for the last 10 years of opportunity cost. All that oil in the ground must be worth something to someone, especially as the oil in Russia is morally corrupt and the US are using up their emergency reserves. I dream of waking up to a take over RNS, hopefully a consortium, for multiples of the share price. Are Pirella still working for GKP? I hope this is one long game of chess and we're waiting for GKP to call check mate.
I'm hoping to hear of plans for the FDP and a new CPR, approval of the dividend/future plans for the cash and an upbeat performance where we finally start talking up our asset, something with JF and Sami were poor at.
Any other predictions of hopes for the AGM?
What's puzzling me is why the true scale of what GKP has, has been suppressed by a succession of CEOs. Why important evidence of the billions of barrels has mysteriously gone missing - like previous presentations on the website.
As much as I hope for 'fair value' after 10+ years of opportunity cost. I fear that we will be somehow forced out like when we lost our other 3 licences. Or we will be sold to a preferred bidder of the KRG for nothing close to true value for reasons we can all guess.
Considering our market cap once upon a time was 4 billion with no production or route to market, I think that's a little pessimistic. I want buybacks, which are then cancelled. Reduce the number of shares in circulation, concentrate value when the inevitable bid comes in.
I just hope the BODs and the rest of the stakeholders' aims are aligned with (the majority) of us PIs.
Is it perhaps their thirst for oil is such that they would want fields to ramp up production very quickly, something which would take GKP years? China is predicted to be the dominant economic power over the next 20 years, to enable that, they need oil. I have no doubt that oil majors with dwindling reserves have run the slide rule under GKP. The question is why has no formal bid (apart from DNOs derisory one) been made public. I believe that the KRG want to keep the asset under wraps, in the hope another independence referendum comes to fruition. I don't believe it is due to the systemic corruption, they are used to dealing in these situations and greasing palms. Answers on a postcard.
Anyone have any thoughts on the incoming CEO and the direction he is likely to take the company in the future based on his previous exploits? I have been in since 2012, so sharing the pain with so many out there, is there a chink of light at the end of the tunnel?