Aquistion Speculation4 Jan 2024 09:40
In the deal with Energean . If you calculate that the deal is ~950m or so (excluding renewables etc), assuming the onshore drilling and offshore verification are successful, then with ~1.027b shares in issue the SP could be 0.88p Energean waits until the onshore and off shore work is complete and they offer 1/3 cash, 2/3 their shares, for the whole company. 1/3 cash, would be (0.88 x 33.3% = 0.29p the balance is thier stock. Would SH accept that after all this time, or should it be 50:50 Just sayin.......