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dat_51or

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dat_51or

Re: doug c post# 4336

Monday, 06/08/2009 5:11:36 PM

Monday, June 08, 2009 5:11:36 PM

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Doug,
IMO, those are more reasons for there not to be an Addax African asset buyout for $8m. JCG is smarter than giving away his company's best properties at 1.4 x current share price. Don't you think ADDAX will be higher than the $56 range after drilling? I do. $8b is just too cheap for Addax to sell out now.

That's why a consortium seems to be a better fit - at least from my view.

Best to you...
dat
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