RE:RE:I'm starting to think Iae will be bought for $1.05Looks like ole KEN SHOW bought a new tutu. Now cheerlead this stock god damnit!!!
Kensho wrote: Naka, actually Delek bought just less than 20%. Your realization that our IAE is not going to get the kind of sale that we were hoping for is certainly sound reasoning on your part (and refreshing - welcome to the club - it took me quite a while as well). However, even though OPEC is not responding as you thought it would, it is not as bad as ending up getting $1.05 for IAE. I know its bad - and it is, but keep a stiff upper lip there mate. I'm still thinking that we will get somehting closer to $2.00 or just shy of that. Stella is still 7 months off and a lot can happen in 7 months. Again, I will state this, if Delek wanted to take out IAE at around current prices, it would have happened months ago. There is a bigger plan in place and part of that plan, clearly, is waiting for the FPF-1 to get on the Stella site. I also believe that the company will be sold in the summer or early spring, and the price will reflect where the price of Brent is at. If she is still sitting around $45.00 then we can probably expect somewhere in the neighborhood of $1.50 - $1.75. If it's higher then we could go to $2.00 - $2.25. But I fully believe that it will be sold for no other reason than the BOD has been doing this for a long time and probably wants out with their $1.05 options.