Zero chance of a second bidder now guys. If anybody believed a single word that is coming out of the boards mouth they would have been able to get a retail bid happening, even New Hope hasn't had the balls to stump up and clean the company up. Whilst Mike does has credibility in the industry, his statements on how little $$$ he has to spend to get the gas flows he is targeting do not. Only time will tell. I say this as numerous people commented on this at a recent Qupex lunch so its just not me thinking this.
Ive read the reports out there from Taylor Collison etc but we all know that these are basically paid ads from WCL. C'mon we all know this!
The board (previous and current) has totally balled this company up in my mind, I know its easy to be critically in hindsight but if you look back at all of their decision and milestones you just see stuff up after stuff up. Hiring of JB, Allowing 1st takeover to drag and drag, renewal of board at last minute just to name a few.
Im holding and hoping but I really don't see this going anywhere. Im totally fatigue from this and want the board to engage with LB and just get a deal done. The board has had their chance and its all too late now.
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