Guys ,it's fun to talk it up when there are two bidders but drilling is drilling and sometimes you don't quite get what you bargained for .I think it's great that these two companies recognise value and I'm happy for them to slug it out and would consider any offers over 40c which is my estimate of reasonable value .
Of course if we hit something different story .Either way it's a nice opportunity for us to realise some nice gains on our investment ,something that I'm sure the company won't let slip through its fingers
ACN Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held