Member Info for SeanT1967

Chesh - Real thanks! For the record, when this gets to 3.8p it'll be my 2nd bag! (in my SIPP) Keep on with yo crazy thang!

Lunsam - Many thanks! 24 - that's a number. I've got a couple of other irons in the hot place - we'll see in time!

Hiblue - thanks for the info.

I'm sure we all will!

(Wipes tear from eye)
GLA!

Wasa - Especially when it's broke :)

They did it with EMF, so why not with rivers? :/

Eloro - I also think that the crown jewels will not be publicly paraded at the request of AA.
News-wise we'll be feeding on relative scraps until the final deal has been done & recommended to us shareholders IMO.
But I still think it'll be a fine pay-day, just a bit of a discounted one.

CBax - That subject has been the source of many a debate on this BB over the past few weeks. My own take on it is that the relationship between reality & reason is a rocky one.
Hopefully others can give you a more technical analysis.
Good luck all.

Rattleknackers - The perfect time to introduce yourself.

Dave - Guess we're just dull hetero's over here. Can't say that airing our thoughts on this BB will be very edifying to most.
But, as they say, this is AIM and anything can happen..

Eimaj616 - I agree. AA will offer at the low end of reasonable within the agreement, with some nice directorships for our tough-talking leaders that involve the onerous task of a twice-yearly expenses-paid jolly to the land of milk & honey.
Everyone a winner..

Wasa - Do you reckon his s**t stinks?
I'm starting to wonder if it actually does.

Ibrox - I feel your pain! Been there a few more times than enough!
It'll be alright on the night.
GLA

We should still have about $15m in the bank by the time the bank money starts rolling in. A little less to find.

Fukurokuju79 - On this particular subject you are more generous in spirit than I, and I salute you for it.

Tony - I agree we're playing with the big boys, and we shouldn't be looking at telephone numbers as returns, but I'll bet you a jammy donut* you'll be doing OK if you hold until the end! :)

* - terms & conditions apply

Thanks Jayber. I'm cautiously optimistic. I'm sitting tight and waiting for the buy-out, but I'm no expert either!

Jayber - I think the general consensus here is that calling a future SP is just pulling numbers out of a hat.It will all depend on drilling results and perhaps the macro-economic prospects at the time of the offer.
My slightly cynical opinion is that we may not be given the precise details of the results, as our new partners will not want everyone working out exact fair value when/if they make their bid. I think there will be a bit of "you look after us, we'll look after you" about the deal, so we'll all be delighted with a 20-bagger when in fact it'll be 65% of what's possible. Churlish? Maybe, but it's my own expectation management.
For sure, the best strategy from here IMHO is to hold your shares like they're your own ball-sack approaching a circular saw. In the next 6-months we are very likely to be a lot better off, one way or another.
But, your choice, and good luck whatever you decide.
Hope this helps.

Great post Craigieboy1
I too was left a bit flat by the closing SP, but the big takeaways are the amount of re-risking the news provides and, to me, the implicit intention that the company intends to see this through to production.
That means that the shares I have in my SIPP are staying there until they are earning, and I'm very relaxed about that.
The ones in my share account however, they won't have so long, but I'm sure they'll be multi-bagging.
All the best down-under, and good luck all.

Hallelujah!!

Audible - Yes indeed, time will tell. I'm not complaining, just wondered if there was some news out there somewhere that I'd not seen/heard.
As you suggest, likely just a correction to a more realistic SP.