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02/09/12
09:44
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""Sandy
The idea is for a takeover of the company. No money spent drilling""
That's an interesting thought, why would they go through the process of listing a company on the ASX..
I think it's still at an early stage for takeover offers.
Unless someone put up a serious amount of money, the directors would vote against any sort of takeover.
Should the ducks line up over the next few years, shareholders will make a fortune..also think about a dividend down the track..
I think we need a big success story for our Energy Sector, instead of seeing a company taken out before we get started..
I'd rather have a million or so, fingers crossed for big success, plenty of cash flow and a nice dividend paid twice a year.
It's been awhile since our last "KAR"...
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