So bcp have managed to pick up only 17% of shares on issue following picking up the thaiger sharks 20% stake hardly a ringing endorsement for the offer in its present form. As has been discussed time is of the essence for bcp I would imagine the last thing they want is drilling uncertainty and further positive developments re additional galoc drilling. Perhaps some well paid advisers to bcp ( nido management seem to fall into this category) should mention the present offer is not going to get them anywhere near the 90% they really are after even if they now mention majority ownership is sufficient.
NDO Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
