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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture
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To: Bearcatbob who wrote (12953)11/30/2000 9:01:02 PM
From: Enigma  Read Replies (1) of 15703
 
On the contrary - you always get a lot of talk about take-over prospects - it's the greatest market boosting device one can think of - but I stand by my contention - who would enter into a takeover bid for a player with say 5-7% of the play? All of the stocks would move more or less in unison -so to finish up with at least 51% of the play the bidder would have to pay the earth - and would have to deal with multiple boards, shareholder groups, etc. If BKP were the bidder it would run the risk of seeing it's stock languish or fall as the acquisitor - it would be strictly a no-win situation.

Far more likely would be a bid by a major for the property interest - much simpler and more practical. The bid would be on the basis of operational control or nothing. Or 100% or nothing.
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