AMBASSADOR OIL AND GAS LIMITED (ASX:AQO) - some action taking place on price, page-3 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
AQO has been in negotiations re farm in, but coy farming in could instead prefer to steal the whole coy through a takeover.
During commercial in confidence negotiations, proposals of interested coys can throw up new opportunities that then need to be explored/completed.
Timing is the question for any party interested in takeover. Wait for SXY drilling to further confirm what is largely known about geology and yield in PEL570 and pay more for coy, or buy it now for less.
Thought about trading out of some stock last time the price hit 20cents, but decided against it because I want to be there when a deal (takeover or farm in) is done.
AQO is an important piece of the Cooper jigsaw
AQO Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held