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I think you miss the point of what Argentine leaders use the dispute for, its a great distraction tactic, an issue that unites 99% of the populace, they wont just cast it aside if they find some oil off their own coast.
Well my understanding is Argos decided to sell, also Argos had no money, Borders are now funded until around mid 2025 by my reckoning, that is not to say there couldnt be a takeover, but for that to happen someone has to buy a lot of shares first, so I dont think the two cases are strictly compatible. Someone could buy Borders, but they wont get the company for its current 18m valuation
Well we continue now to wait, but this to me reinforces the fact that if the board cannot get this over the line now, in the current enviroment then they never will. Please though lets not have talk of companies like Shell and BP, anyone working in Argentina is completely off the table in my view.
I suppose once again patience is the key, we will find out what ADB intends, I must admit my mind would be in a very different place on this share were it not for the presence of our new investors, the one worry I have is that they might try a takeover at a rockbottom price, having been here so long if my shares went for 10p without me having any say I would not be happy.
Falky, you are doing again exactly the same thing and why people have turned against you on other boards, we now know your opinion, there is no need to restate it. Why not just take your own advice and sell, you really do let yourself down with some of your posts.
Well by my reckoning they now have funds through to 2025, but for me the significant thing is the Newlands buying in to the tune of 600k and ADB not moving, anybody can read what they want into this, I have made my judgement.
I have a lot of sympathy with your view Anth, a part of me feels the same, to me though there is one positive with the cash raise, that is the fact that they have secured the backing of another significant private investor to the tune of about 600k, these people dont tend to throw money away for no reason, it gives me some cause for hope, although we are now in the endgame, if it doesnt happen in 2023 I dont think it will. This remains the ultimate all or nothing play.
I am not certain but I think the FIG has done a review this year into the whole economic strategy for the islands, obviously including oil and gas, that may be part of the reason why only 1 year extensions were given last year.