SMI paid and wtr relied on gxs....SMI has the 43-101 and the Fugro results and is drilling. Deal or no deal?
If you have completed the preparation, avoided the "noise", funded the "mission", and are clearly on the south-east trend structure, then go for it..... without any further deals at this point and giving up nothing just yet. Wonder if SMI was approached and turned down an "offer"?
Amalgamating the resources will come, no doubt, but SMI has those "GREAT" Fugro targets and may end up with a controlling hand. GXS and wtr deal is somewhat interesting. SMI has the best hand by far at this point for a small "chip" holder.
Anyway, all participants may benefit hugely in the area play. Obviously, I think SMI is "perched" higher than most. Soon we'll know what it has been staring at. Hope there is a blink ASAP>>>>