RE:RE:THE SOONER RECO-ROE CANCEL THEIR MERGER THE BETTERdoggiestyle wrote: VeryFiishy - 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!!
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Exaclty .... wasn't the best for a Roe holder ... as they felt there was more upside ... but for RECO smart move... a big player could have slipped in the back door.... and may as well get this dealt with at this price .. if they hit the same thing in Hole 2 .. it will only cost them double ... so they havea pretty good idea IMO of what they already have... SP went up way to fast ,,, on hype .. it will now find a place to settle and trade in .. until the next NR.... if they hit dry it will drop by 50% if they hit anything like #1 ... it will zoom past $10 again pretty easy... so place your bets .. and play with money you can afford to loose ..GLTA