Chriswalden

With PTTEP on the table at 220p, I don't see any way at all that the Cove board can recommend Shell at 195p (unless PTTEP are vetoed by the Governrnent).The MozGov earns nothing from the transfer whatever price Cove is sold for, so its main consideration must be the quality of the new partner, both in terms of financial strength and project execution, particularly since…

ee,I don't see 245p cutting the mustard either. Ultimately it'll need 275p+ IMO. The elephant in the rovuma might be the Mozambique Gov't, which has to give consent for the transfer to the successful bidder.  From the Shell 195p proposed offer RNS: The making of an announcement of a firm intention to make the Proposed Offer by Shell Bidco (the "Firm Intention Announcement") is subject…

No mention of any consideration paid   Deo spent £10.5m in acquiring their 42.08% of the asset and planned to spend £1.5m in producing the FDP, so Maersk's 19.12% has a read-across value of ~ £5.45m.   At 30.6.11 Deo had £2.35m cash and £1.5m invested  in a bank deposit account with a maturity date of 7 September 2011.   Deo's use of the £16m placing funds was…

"Don't listen to the horseshit from 'experts' on bulletin boards, analyse the facts and think for yourself"You write as though you're an expert - should I treat your contributions as so much h*******t?Since you appear to be concerned about numbers of "recs", why don't you pop over to TMF and answer the post to which you refer? - you might exceed that tally.

" My personal tip is buy PMG at 0.12p "   Hmmm........market cap @ 0.12p = £0.72m I think anyone might be tempted to buy at that price :-)