RE: Tamboran sign binding GSA with Northern Territory Government26 Apr 2024 17:45
805slo:
Yes I'm aware that the goal has always been to sell and I have bought into that strategy. My concern is that I expected the share price to increase accordingly (due to test results, proven acerage) prior to any sale. I understand the variety of take out options available and how the selling SP would be derived. Simplistically, as an investor, I want to see the SP grow and then see the another bump for the takeover. Then I'm out. That's what my plan has been since 2017. Others may vary. This M&A will be asset based and my concern is we will not see proper asset value at time of sale. Selfishly, the (my) sell price will not be where I believe it should be. I realize that this is a smart group and I don't have to delve into the details of how M&A's work but that is what my investment plan was/is for this asset. And with all the added delays (goal lines moving), maybe my frustration has surfaced. TGIF. Have a great weekend everyone.