Three Weeks Left To Exercise ROFOThere are two certainties:
- The ROFO will be exercised prior to its expiration.
- RMC will be acquired.
The unknowns are:
- Who will acquire RMC ?
- When will RMC be acquired, pre- or post-ROFO exercise ?
If the acquisition occurs post-ROFO, it will likely be relatively soon after the ROFO is exercised. Because the likely acquiror will want to make Serbia a district area play, the acquisition will likely include all of RMC's interest in Serbia and surrounding countries. I am sticking by my RMC acquisition price of $12-15.