Hey Spuddy, been in this for a long time as well. I think that the sp is so low because small shareholders have lost faith or gotten scared and have been consistently selling out. With all thats been happening in the world with opec, russia etc its been a hard market to get a deal and although I believe the company was always negotiating away a lot of people took the chance that with no news this share would only go one way. For me though I don't think the overall asset has devalued and now that a deal is hopefully nearing I expect the sp to go sky high once a deal is announced,
People need to be patient. We are selling an asset. That means we need to wait for interested parties to come to us. You can't force them to buy it.
I have never come across a situation where the CEO of the company has his interests so aligned with Shareholders.
In fairness they nearly struck a deal with that indian company for over a billion and nobody new a thing until three months after the deal fell through. So its not like they gave their hand away to institutional investors and left the small guys out to dry. No one was told that the deal was close. That for me proves that Mnnnnn comment is correct.
The share is very much under valued. But only if a deal is struck. There is a lot of negativity on these boards as a deal has been dangled for a long time but hasn't happened. This I think has helped push down the sp. However I am of the belief that the longer we wait for a deal the better as it means that the BOD are waiting for a deal that meets their valuation. I would rather wait for that deal. There has been decent volume recently which I believe is because the next year will have drilling at Spanish point and hopefully a deal. Either of these events will see the SP go up at a very high rate