RE:THE SOONER RECO-ROE CANCEL THEIR MERGER THE BETTERVeryFiishy - you haven't got a clue what you are talking about. Your just PO'd because the price is falling today - but it has nothing to do with the merger (its just steam coming out the kettle).
This merger simply consolidates the entire land postion (including what is likely the best part of the play) under one company. The other option would be to prove up the Botswana play and sell it to a major (by the time they do that ROE will be worth may multiples of where it is now so why not get the uside for Reco shareholders now??)
The management team is getting unbelivably rich off of this regardless (thats what happens when you find the largest oil discovery in recent memory based on airiel and are proven to be right!!!
If your jealous - buy yourself some ROE - Its massively undervalued right now just based on a lack of ARBS in this.
If you believe in this story (which why we are all here) then the ROE offers unbeliable upside and an increadibly cheap price!!