Friday, December 05, 2014 5:23:09 AM
On the plus side Tullow may try and bid up the value of the concession to enhance their portfolio value and attract a higher offer.
On the downside, Guinea might just say screw you guys, hello China.
HDY just doesn't have a strong hand. Some sort of low ball take out with Guinea's blessing is probably the best exit we will get.
My pessimistic prediction is that Tullow/HDY fail to drill, Guinee take back the asset and give it to China, Ray spends the last of the cash suing Guinea and we end up trickling away to a penny stock and the lawyers get rich as we go BK.
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