The directors are doing the right thing in entertaining the bid, it's in the interest of shareholders. They have identified that Harbour have funding and aren't tire kickers.
$6.5 is not unreasonable if you think the oil price is U.S. $60 per annum forever.
It sends a positive message to any bidder that the company will engage productively once you reach a reasonable ballpark.
Will Santos ever recover?, page-217
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$6.82 |
Change
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Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.72 | $6.84 | $6.71 | $42.88M | 6.307M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13309 | $6.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.83 | 58478 | 6 |
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