re: now in trading halt... Looks like they may have received a formal offer for Bula...
Or could it be an offer for more than just Bula?
My back of envelope figures put something like $16 million on Bula...when you take into account the rig, the spare parts inventory, oil inventory, existing stand-alone infrustructure and finally the premium that might be required to entice LIO out of a constantly "re-charging" Bula field.
Double that and you buy the company!
Could be some surprises on the way?
Cheers!
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.48M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1485 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 64712 | 1 |
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| LIO (ASX) Chart |
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