takeover offer!, page-65

Guys and Gals

I can only think Westside have shown these blokes the door. In fact, I don't think it was ever open to them. Maybe our boys spoke to them through the mail box slot and quietly told them to go away.

RE the original announcement. This mob never told us what they originally offered the board for our shares. This yak and carry on about 36c being a premium to tradingd, yadda yadda yadda is just fluff and smoke and mirrors. One would like to think that many of the original players in this game have skin in it more than 36c. The original issue was at 45c and I think at least one more issue was at about this price too. Why do all the hard yards and sell out to a Johhny come lately?.

The offer now put to us is "Boys, if you want us to make an offer, open the doors, let us at your women and I promise to treat you right". What information haven't they asked for? Do we need to tell them our show size and how ofter we visit the john too. (if you read this and don't get what I am saying then they are asking us for all of our commercial in confidence type information). Not being racist and having read all of the other posts, I understand that our new suitor has ties with the last mob who made the offer. So what is this bunch up to? - a Futher update on the information given last time round?

What we have been presented with is a preliminary conditional something. Following that we might then be made a conditional offer. So its a condition based on a condition. A box in a box. Go figure that!!!

In amongst the annexure for the second lot of conditions, yadda yadda yadda it talkes about

1. No new gas sales agreement. Haven't the board made announcements indicating an imminent GSA. We are all speculating by end of March

2. No dosposal of assets greater than $1M - Didn't we just announce the relinquishment of the Gallilee Basis tenements - Didn't we pay AK more than a cool mill for that.

Guys and Gals, I really do think that the board learned their lesson the last time round. The offer made and the manner in which is was made tells me these boys were told to take their bat and ball and go home and that out of a sence of frustration the offer was made to get them back onto the batting list and off the ignore list as appears to be the case now.

Ohhhh (and a big sigh to boot). I feel happy now I've gotten that off my moobed chest. I'll be even happier when a GSA is announced.


stick in there