Top member reports
Consensus community valuation
$0.600
Average Intrinsic Value
122.2%
Undervalued by
Active Member Straws
#Bull Case
Added 2 months ago

Been at the centre of a takeover war with COG and Scottish Pacific. COG have pulled out leaving the Scot-Pac bid. It is currently trading at a large discount to the bid, probably as the market has sold off and there are concerns Scot-pac may try to withdraw or renegotiate. Either way we will have a result soon and there are three possible outcomes that are all ok.

1. Bid goes through (maybe at a lower price)
2. Share prices spikes toward the bid price offering a chance for a quick profit.
3. The bid fall through and you are left holding a company that is decent value and a clear future takeover target.

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#confusion
Added 3 months ago

takeover offer for 60c, yet the selling continues

will it happen?

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