However, I reckon that the recent 'indicative offer' was absolute shite.
What organisation is going to embark on a purchase of that nature and not have considered that the AWE Board might very well say, "... no thanks" (and considering their history). And they have no plan B or C? Really?
If, they couldn't predict or calculate what figure it would take to get the books open to do a 'due diligence' process, then they are just plain dumb or, this was an exercise that had a very different purpose to the purpose stated in their "offer" - in my view.
I have held since 2008 but haven't bothered following. Shares just sat and ... sat and ... sat in the portfolio.