Where do you magic a takeover from. Just curious. Don't hold but have read the latest RNS's and nothing other than struggling to cope with debt comes to mind.
Mate I get where you are coming from but you are an experienced investor and you know it doesn't work like that.
It is all about the price someone is willing to pay for this asset. Short term it has nothing to do with heat we are left with. Its about having the money to unlock reserves and push this company forwards. More reserves will enter the proved category which in turn will affect the MC along with the money in the bank.
Previously I was giving a figure based on multiple discounts and decimated the asset value to get to a realistic takeover figure. (Post is on LSE)
SEFTON RESOURCES THE TRUTH IS HERE!Â - SERMicheal Caine - 14 Feb 2014 - 01:35:28 - 3050 of 3815My name is Micheal Caine.Did you know that one of the 3 groups[a London listed company]looking to takeover Sefton are now conducting DD in the Sefton data room. An offer of 0.9pper share could come next week.Now not many people know that but they do now!MC
Sorry I stand corrected it was 0.9p
Great points, now this is a good discussion.
Actually I feel that the BOW will instead combine with a third party tapia JV investor to create a financing package. The BOW want their money back. With a bit more investment along with the added security of a third party they will get just that. Plus more with the interest over the years.
Remember we are not talking takeover here. We are talking a JV. So 300% can happen ad it's down.to percentage investment. The market will then increase the SP based on sentiment and potential.
Tapia potentially has 3p plus. So if we maintain control plus use money to sort out other areas we will be really happy
Also Andy an SP is not always determined by what someone will pay. That's takeover talk.
How much investment and the cost of a percentage share of tapia is what matters.
That will decide the SP plus an increase in sentiment.
= Sale on the cards for Sefton? =
Gossip from the oil world as rumours reach Diary that troubled explorer Sefton Resources is in takeover talks, after the recent exit of its CEO, Jim Ellerton, in colourful circumstances.
According to one exploration source, Aim-quoted Sefton is in talks with three different parties, who are offering 1p per share a huge premium over yesterdayâs 0.2p closing price to take a 30pc stake.
Also, I can't see WHY someone would want to takeover SER.
What would you get for your money?
- Failing assets.
- $4.7m debt repayable ASAP to the Bank of the West.
- A listing on AIM.
A listing on AIM is considerably less than 4.7m so that won't be it.
I can't see how the assets are worth $4.7m let alone having to pay 1p (or whatever) on top.
Can anyone hazard a guess as to what the assets might be worth to someone (and no, I don't think buying an asset in the hope it turns out to have undiscovered potential is viable as SER have been looking at every opportunity for years).
Wow, MC on the other thread said takeover talks taking place, that guy knows.