Appreciate Tweets the efforts you went to, let me clear one thing up in your mind, I never for one minute questioned that.... all i was disagreeing to is your comment re the .28cps dividend. But I will say I am disappointed that you pardon the pun ...Tweeted ...to all and sundry.
Again please refer to my previous comments re the announcement, it is a open ended one , but hey JGPM has heard differently as as stated today and I hope he is right. He gets dinner on me if so.
Secondly, consider this....this deal must be approved by majority of shareholders before anyone is to get a dividend.
The market today is saying it is not going to happen...well not at .28cents at least. And someone has bought alot of shares today 9+million and there are a number of majors who will run the sums over the bottom line of CCP in the meantime and if they smell a bargain they will.
This could be carefully scripted to flush out potential suitors, which would be a masterstroke.
All I'm saying here is watch this space, it will play out over time. Game on.
Tweets don't spend that dividend money just yet, I will be Mr Doom and Gloom, consider this for example should the deal/offer be blocked by shareholders and CCP stays with Exco and no other party interested in buying.....hence todays trading risk, and underpinning of SP.
But hey on the upside someone else could/may come in over the top for the asset/company which means the holder may get a lot more than just to .28cps.
Alot of posters on here agree one way or the other Exco CCP is very very good value at $175m only ingredient that is missing is someone else with the cash to unleash it.
cheers Aussie
EXS Price at posting:
68.5¢ Sentiment: Hold Disclosure: Held