I don't think we will do anything wrong by voting NO to the offer. Because IMHO we would/could not be any worse.
AOE has great reserves, huge tenements, and a bright future ahead of us, and even if the sp will retreat a bit, which I very much doubt, I am sure that it will pick up again. At present we are generating electricity and selling gas so the generating of some revenue is assured.
What we may not be able to achieve in the immediate time would be to raise the funds for the LNG plant. But, if the Management is prepared to go out and search for it, with the Chinese, the Koreans and the Japanese, who are always very hungry for LNG, I am sure that they will be able to raise the necessary funds to proceed. Maybe even just with an offtake agreement. You never know, lol.
Good luck,
Buddy
AOE Price at posting:
$4.85 Sentiment: Buy Disclosure: Held
