i hope shell get outbid, page-16

Good one EL,

Reading back through the thread,we do appear to be in two camps, those that think Shell will only offer another 10% and that Davies and co will roll over- leaving us with a slim chance that a white knight appears...and then there are those who think the business is worth twice that and the offer will need to be alot higher to have any chance of it being accepted. Based on the number of posts on each side, I think the later group is in the majority.

Guess we'll know next week who is right.
I for one probably had enough shares before the offer came in terms of balancing my portfolio and yet decided to load the truck further last week despite the price surge to $5. Reason being I think the next offer is going to surprise the doubters and placate the optimists. It also needs to be high enough to not entice a counter bidder to have a swing. I think that level is at about $7.75 to $8. That is still too cheap imo and leaves Shell with room to defend a counter offer in the unlikely event. Could be dreaming but I don't see much downside.