Takeover15 Jul 2025 11:51
Out of interest, when would we become a potential takeover target for a major? We have no debt, we are a free cash flow producer, we have a long-term outlook. If I were one of the majors with a big reserve of cash or credit limit, wouldn't it be a no-brainer to buy us lock, stock? Use cash/debt to finance the buy, which we could easily justify and still make the buyers a fortune.
A bit like when Manchester United was bought for a billion and they just piled the debt onto Manchester U to manage the debt repayments and basically ended up buying Man U without spending much themselves. (I think I'm right with that one).
Just a thought, but surely it's a no-brainer especially if the next set of resource reserves come out positive, and the FS is as good as we hope it will be.
What price do we think Shaun would have to agree with? thoughts?