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Why would you pay 50p per share when last week it was 15p per share.
Max offer will be 25p, if it was better than this then rns would have stated it
Any way something you just can’t explain to people
Good luck
Same happened with Ted Baker the share holder thought the take over would be amazing and they were only offered a crappy deal 10% above the closing price, people forget about the huge debt the company has when they are struggling
They have the money, I think the payment to the oil companies will happen imminently
FOMO Monday
https://shafaq.com/en/Economy/Iraq-achieves-8-bn-in-oil-sales-during-January
I wouldn’t be surprised if China bought GKP and GENL at these bargain cheap share price
https://oilprice.com/Energy/Energy-General/China-Poised-To-Take-Further-Control-Of-Iraqs-Key-Southern-Oil-Assets.html
Https://shafaq.com/en/Economy/Iraq-and-other-OPEC-countries-maintain-the-largest-oil-surplus
Personally I think that GENL has a Leak of good news after yesterday rise, coz the SP went up as soon as the market opened
Hopefully another good day here
Nice rise today
Iraq has the money and they will pay GKP soon
https://www.iraqinews.com/iraq/iraqs-oil-export-revenues-exceed-8-3-billion-in-december/