True Value Soon $$$At some point very soon the financial press will start quoting figures GALP are either asking or what could be the asking price for the 40% stake. It will only take 1 singular journalist to quote a figure from an anon source and the story will be replicated going viral overnight......with each article adding bits and further anon sources of their own.
When that happens it will be like somebody has lit the touch fuse here as big money see's the obvious current discount to NAV......BOOM!!
"Reuters also said that the oil company hired Bank of America to lead the process of selling this 40% stake in the Mopane project, which could "yield billions to Galp, although it is not yet clear what the value of the business", added anonymous sources. Contacted by Reuters, Bank of America also did not respond to a request for comment."