Dude they hit the target already on 27/4. What's so good about the investment if you're basically at your target.
Come on guys $1.80 is $840 million. Beach has $165 million cash and a $150 million undrawn debt facility. Any tie up or takeover with Beach will be all scrip.
Santos may be the only party to value the recent gas finds, the market doesn't seem to want to, it's too busy putting value on the companies based on Kerry Stokes. Funny world we live in. The company keeps making gas discoveries paid for by Santos and investors aren't moved. Naught. An entrepreneur slashes some cash around and the market sits up to listen. Priorities are mixed up in my opinion.
Script and cash offer by Santos is your best hope.
Eshmun
DLS Price at posting:
$1.23 Sentiment: None Disclosure: Not Held
