RE: Breakout? I am convinced we are going higher, I also find that MRP is a bit of a hedge, given that we are pending news, MRP does not seem to selling off, and is rising daily.
- very important reserve update north of 30 M 2p and possibly 100 3 p oil
- MRP is soliciting takeover bids via First Energy, a little bird told me there are 2 bidders currently for MRP
- the reserve update should imo be a very significant determinant of MRP Price
- I believe an offer is very very likely, why not, for the cost of only $25 M, MRP has that in warrants alone, that the takeover company will get production share of a >100 M 3P field