Athena well lets hope this coming week bring us news of the Athena, you can go to google maps at:
25.245366,55.265788
and see the ship before it went into dry docks. I think Dector's comments and an Athena announcement will get us over 3.00 but we wont break our highs of 3.05 until oil is pumping or a bid is accepted.
Nice to see a tight trading range, although people dont like keeping their investment funds static. I think the offer is being worked on, we would have heard by now if it ws rejected, better to reject it before Athena than after. I think we need to realize that management's starting point for negotiations started at a 2.20ish sp, so while the NAV is higher and nearterm production is promising they should be commended for anything close to $4 (which is what the company is worth by the end of 2012). I still see the accepted offer at 3.50, question is when are we informed. This Monday?