Petrel Resources Takeover Rumours (PET)

The first purchase of the latest pump and dump was 500k shares, I have a feeling that the time before a similar purchase started the buying spree that time.i have a feeling and also the company mentioned that they had received interest from parties.It seems that Petrel could arouse interest again from private companies wanting to come to the stock market.One things for sure any inkling of a reverse takeover will definitely stir a big interest.fingers crossed gla

1. JT has stated that he has been approached several times re a reverse takeover 2. OK your probably correct on this one 3. Clon will soon have an opportunity to progress in either Bolivia Chile or Argentina so hopefully this will get reflested in a much improved SP

Yes with 24 Million of accrued losses this is a tax offset for a reverse takeover so that alone should should value SP a multibagger from these levels as less than 200 million of shares in circulation also i do believe the work we did on Merjan must be of some value to sell to the Chineese also we can sell our 30% interest in Ghana to Clon or can they still pull something out of the hat i dont think we have anyone working our cause out there anymore questions need answering at the AGM Jam tomorrow days are over or should Clon and Pet Merge into 1 company they never should have been seperate companies just a way od directors getting more salaries

Petrel could do with a revers takeover of private company.not many companies have so few shares in existence.