Replies to post #4217 on Petro Rio S.A. ADR fka HRPTY

[DrillaHill]

Agree with green lights

when JGP started buying in December 13 shares increased by ~47%
until the 20% hurdle stopped him from buying any more end of January 14.



This time I expect an increase of +100% or more if JGP wants more than 50%, shareholders should be aware of the value of assets and should not sell cheap, however maybe Goldman and JP Morgan are willing to sell more quickly than others since they appear to have bought their shares for ~R$1. We also have to consider a potential bidding war, in my opinion assets are potentially worth more than a Billion Dollars (~ten times of current MC) and I am sure JGP is not the only institutional aware of this..