If Treasury approve or give consent to the takeover by Shell and the chinese (Petrochina), well what can I say. It only proves that with that mentality of our Beaurocrats, Australia will never own nor produce anything with our own Companies. We will always be at the mercy off foreign investments.
I would like to know if China would allow a foreign company to do that in their own Country. YEAHHH, two chances. Buckley's and none.
IMHO, the only chance we have to get a decent price and fair value for our shares, is for us shareholders to band together and tell them where to go. Otherwise we will only get peanuts for our gas, and possibly even set a record for the lowest price paid per gigajules in a takeover.
For the life of me, I can't figure our Management out in what they are doing. To recommend that, IMHO, it is an insult to their shareholders and to our intelligence.
Buddy
AOE Price at posting:
$5.04 Sentiment: Hold Disclosure: Held