I predict buyout at $1.20

Hi Sharky,if that is the case then it is an otherway saying that cll went bankrupt. It means that the price of 540 mil will not even pay the 900m debt. how did u arrive at this number, am sure u did not pull it from thin air

OPTI went for over 2.3 bil with195 mi 1P reservers a debt of 2b. Cll has 1b debt and 100 m IP reservers, if cll went for 1.20 per share and share holders get nothing then DG is right in attempting to pursue the growth strategy, OPTI's share holders only got 35 million. Is our fate as cll share holders the same? or is cll worth more than OPTI because it has half of the amount of debt? Or is this comparing oranges and blue berry? I also recall that OPTI had only 35 stake on its holding

If sharky is suggesting cll will go for 1.20 after paying debt that means cll will be sold for about 3.20 to acount for debt

thanks

B