let battle comence20 Feb 2014 21:15
The more I read tonight, the more I feel there could be a hostile bid comming for trap from guess who , parkmead
miles who sold over 11m shares in the market got the shares when reach exploration was taken over by
trap, the shares then had a value of 43p, now he sells at 9p, however there was a large cash part of the deal
ammounting to £20m. The transsction is said by sum since, that trap overpaid for reach.
It is only my theory that trap need a large independent shareholder to fend off approaches and I also feel
Union will buy more up to at least 15%.
the bidding should be a minimum 20p cash or 12 trap shares for 1 parkmead.
lets now see what transpires, it should be noted that these are my own thoughts.
Parkmead are not stupid they know the value of trap far exceeds it's current share price.
athena, igas, surorise find 85% of min 12m barrels, romeo find 12 1/2% of 44m plus many
other add ons around the north sea.