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It was similar POO levels The board have been very clear, 48.5p has been flat out rejected. Would think a 20% uplift to that will have to be a starting point for discussion, so we’re back to 56p minimum and maybe they can pull a deal off where that is only for the SE Asian assets leaving value in Tanzanian and Mexico to be realised separately
Nice to see the BOD clear up any ambiguity with an official RNS. Medco left in no doubt that they need to pay up, or F-off...
Oil is up 15% in a week. They can F off with 48.5p
EG had been taken out of the share price after the initial write down at the interim results. In December when they announced a request to extend the license the shares rose around 5% on a market cap some 30% lower than today. That means anything over a 3% fall tomorrow is a nonsense and will be quickly bought. Medco will do the deal. They know if they don’t, and quick, someone else will.
Equatorial Guinea was always a wild card. And the market had discounted it to zero already. The game has somewhat moved on with the Medco deal.
Takeover was always on the cards
They’re effectively saying the company is up for sale. EG extension and we’re talking 100p. Without 60p. Either way significant value here and the BOD are of the mindset to take an offer Fill ya boots
BOOOOOOOOOOM Roll on Monday, this could get spicy
Here here
Ignore the Trolls - we all know why we’re here. This could multibag many times over during the next 12 months
We’re all here for something a lot bigger than Wressle. If/when UK gas is proved up this is going to be many multiples of the current share price. Until then, turn off your screens and ignore the village idiot.
Wales?!!! You mean that massive hydrocarbon province that Egdon has no exposure to. Jesus you are desperate
Good luck tomorrow with buying at 5p. 15p more like. Idiot
Not anymore - he sold his 5748 shares earlier today. A proper whale investor
Can we just ignore this prick once and for all
$6m cash on balance sheet is holding it back
Laughton - if you set up a market stall with zero overheads then clearly you'd be a muppet for selling goods at a price lower than you paid for them. But your comments ignores the fact that growth companies have to reinvest to 1) grow, and 2) claim critical mass. Amazon lost money for years and years and still makes very low profits for its scale but that didn't put off people buying the stock all the way up did it.....?
250-300p should be achievable with news from Alynlam etc
Agree I've just bought a chunk. don't get the market reaction