RE:RE:Shareholders meetingI would expect that a drilling announcement with some explanation and exploration results as to why they have chosen to drill and not farm out should be coming in the next 6 weeks. For Reservoir to break their model the exploration results will have to be really compelling. I think that will start the momentum again followed by some speculation buying in anticipation another big hit.
If Freeport trully wants to buy the other 25% then they are probably playing some games to push down the momentum and the enthusiasm for Reservoir stock in hopes to buy at a cheaper price. If so I still doubt Reservoir will sell without drilling next door to much upside potential for a small investment. If they do not hit then they still have plenty of cash and still own a nice chunk of a world class discovery.