'Libtardius Maximus' pid='12794' datel Wrote:given the news today with a report back date to PNG PM by EOM, the SD with a major happens before the end of this month. This makes PNG's price a direct comparision to the chosen partner. I don't buy that management doesn't know who the partner will be. I'll bet there's a scramble going on by bidders as I type this.
Using PRE as a baseline is apples to oranges since it's T2 V E/A. IOC will use E/A partner numbers for PNG additional %.
Tick tick tick shorty.
Hmmm... I like your thinking - but, my guess is that we will be happy to have the "official" negotiated deal with the PNG gov't concluded by 11/30/12. Then they will have to get the NEC to give it the "Final Final" approval (add one more week into December). Then (and only then) will the IOC team be able to try to pin down the top 2 or 3 bidders and (sigh) FINALLY announce the deal. My hope would be an early Christmas present 12/21/12 - but, it would not surprise me if we had to wait for the first week of January 2013. I am hopeful that we get some Antelope 3 well updates in December that will help focus some investor attention our way. I am very surprised that our stock price is below $65/share with all the good news announced (and deals coming SOON...).