Seems to me Arrow is now in a state of limbo or suspended animation Given that the T/O goes through without any other offers (which to me at the moment seems quite likely)and it wont happen til August then Shell has effectively capped Arrows price at around $5 for the next 4-6 months The only fluctuation in the price can be what AOEI is valued at So how does the company operate It seems to me theres not a lot of incentive to prove up resources etc Is Arrow just a carcass now Do the staff just sit around twidling their thumbs waiting for D day or do they turn all their attention to arrow international Dont think the new bosses would like that I guess the only thing we can be sure of is that the price is not gonna go below $4.70 and probably not above $5.60 (given the max valuation put on AOEI is around $1)unless theres another offer and no one as yet has shown any interest Hence I think Arrow is a dead duck and the sp is going nowhere Think Ill wait till after the finacial year(put the CGT off a bit longer) to see if theres any interest and then maybe sell out Im disappointed Hope ESG does better Just thinking aloud
Greggy
AOE Price at posting:
$5.07 Sentiment: Hold Disclosure: Held
