GREY:SMBZF - Post by User
Post by
PapaFritzon Aug 01, 2014 3:18pm
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Post# 22803839
Rumour; Lundins/AOI refused $16 dollars/share from Marathon
Rumour; Lundins/AOI refused $16 dollars/share from Marathon Rumour Lundins refused $16 dollars from marathon
There's a rumour going round that the Lundins refused $16 from Marathon. I know some of you guys scoffed at my $14 per share take-out price in a "put yourself up for sale " scenario, but I have to say I do not believe the Lundins would refuse $16 especially after Tutule, Gardim and even some lacklustre flow rates from Lokichar. I think they should sell themselves. Any more oil discoveries in Lokichar will do nothing for the Share Price. And every other basin opening opportunity is still high risk. If AOI have 9 months cash, that's the time the have to call the majors and ask for their best bids. Therefore I don't want to believe the Lundins refused $16 - I just don't want to believe it. AOI - put yourselves up for sale and get $14 dollars for us, please!
Read more at https://www.stockhouse.com/companies/bullboard/v.aoi/africa-oil-corp#ys5Fyhj1WK6dCzQd.99