PES pepper residential securities trust no. 21

crazymark,BG offer for Pure is low priced and values Pures...

  1. 79 Posts.
    crazymark,

    BG offer for Pure is low priced and values Pures reserve at 32 cents a gigajoule. It is great that they have made a offer and not allowed Arrow to steal this company for a song.

    I understand your logic but i feel a 30 cent premium to the BG offer is going to sound like peanuts when another offer comes through.AOE needs and wants pure acerage and will not let go without a fight. We needed this bidding war and we go it.The market and SP will react accordingly as we have seen post trading halt.This is one war i am not going to oppose.

    Another point if the next lot of results come out in a timely manner as the board has continuously done.Its only going to get a whole lot more interesting,i agree that $10 is dreamland stuff and there is little possibility of a 400% premium,but if there is one thing that i have learnt from holding stock is dreams can come true.
 
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