If 53.2 % of Atrush just sold for $ 600 Mill that implies a value of $ 302 Mill for 26.8% or roughly .38 cents per SNM share.
What premium to cash value do you think is reasonable ?
If they do get an offer for their 26.8 % and cash out I wonder where they will go next.
I'm thinking that doing a JV with AOI/Tullow on a block or two in Kenya might be an idea or better yet taking down a PP in AOI stock might be a wise move, it's cheap after all. LOL
Duck, where do you think this is going. I've owned it before and will buy it again if I can get a better handle on the upside. Is .80 possible ? I'm talking about pre consolidation here !