RE: Bid imminent?1 Feb 2020 14:30
Pound is not enough , it may look like it at the moment but end of the month beginning March Peru may TD , there also could be a new CEO this month , next month , offer on Kenya , bits like that makes a Pound look a bit cheap , I would be looking at £1.50 plus if Peru hits good.
Put it another way if Mr 11% says he would pay a Pound , that offer would have to be open for a few weeks , the SP would race up to a Pound within a few minutes of the market opening , then Peru strikes oil the SP would have to go past a Pound , someone makes an offer on Kenya and so on . so a takeover would be interesting but would it be a Pound or lot more , GLA