'ltinvest' pid='33318' datel Wrote:I must ask myself why Exxon or Shell would not come in and pounce on IOC right now. Hell, a low ball $100 offer could gain some traction. Knowing what Exxon has said about the IRR on trains #3 and beyond......AND everyones apparent excitement over this Elephant prosppect on top of E/A certified resource......why in the world would Exxon not come in and try to buy Interoil? I would!
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I bet the large shareholders that JFT surveyed, who apparently were "against a buyout at this time" (I had thrown out a hypothetical figure of $150), might not be looking at it the same way after today. I can't say that 'm looking forward to waiting three more years to see if the Triceratops monetization announcement cuts an additional 35% off the market cap...like the E/A announcement just did. What exactly is expected to increase pps so substantially that a $150 buyout seemed repugnant? I think TARules speaks the truth when he says that a buyout is the only way to get fair value.