RE:RE:It's going to be interesting to see how they structure a But could they do a merger before actually earning that 65 % ? If they were to merge now while they still only own 51% then the money raised and spent post merger would be unfairly dilutive to us....I'm thinking, not without it's complications, opened a can of worms, I'll have to think about how that could be structured and be equitable to both parties but I'm not sure it can be.
Well without some risk to us that is.
nobspls wrote: Agree that a merger between CDB and HPX is going to make sense. Don't forget HPX has a 51% interest in the project currently and is spending toward a full blown Feasibility Study to earn 65%. The spending left to drill enough to evidence reserves and all the study aspects of a Feasibility Study is still very significant. Would not be surprised to see a merger sooner than later.