Member Info for j1osf

oil
They would pay the highest price in the last twelve months.
It's not going to happen like that.
Patience

oil
"There is no reason to pay 2.5 / 3p. Pretty sure Iog could buy 30% on the open market and we would still be under 3p."
And what if the other 70% of shareholders said "no not selling"
They would be stuffed.
Apart from that it is an all share offer.

Thanks Major
Should have looked that up myself. Just being lazy.
•When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained).

Could IOG approach major shareholders before an official offer is made and offer more than they intend to offer small shareholders and then once they have got their required percentage mop up the remaining shares will a lower offer?

oil
Where does 150% come into it?
The value of the company is not based on a % of it's closing price on Friday, hoping desperate people will go for it.
The value is there to be worked out logically.

I honestly believe that a derisory offer of 2p could well see a counter offer.

Do takeovers ever result in shareholders being happy with the price?

4p
Sell and walk away.

I have mentioned this before.
When Cluff did a farm out with Shell back in February 2018, very briefly the price spiked to 5p.

3 days ago I posted a message " 19 days for someone else to step in and make a better offer."
I have just read what I posted.
I typed my message 3 days ago and pressed post without reading it
I think what I meant to put was 19 days before someone else puts in a better offer than they where thinking of putting in. If that makes sense.

Moleinahole
When Cluff now DEALT announced a farm in with Shell back in February 2018 the price spiked at around 5p. Consider that.

Mike007
Patience

19 days for someone else to step in and make a better offer.

They have 19 days

MajorThomas1
I agree.
I am sure a deal will be done, with someone, but hope small share holders wont be sold out by the BOD

Shell could take Delt over with one foul swoop.

If gas is discovered will it go into Shells pipeline or IOGs pipeline?

Where does this possible takeover leave Shell?

Fairdealer20

"Delt has value which I do not think will be reflected in the initial offer IOG bring forward, if indeed they make an offer.
I am happy to wait, unless we get an outrageously good offer ( doubtful).
Patience is always a virtue."

I agree with you 100% on this point.
But as far as house prices go I disagree.

Fairdealer20
If you live on housing estate where there are dozens of houses the same as yours, your price is set by what other people are prepared to accept for their house.
Is this the case here??
Bottom line is you don't have to sell