Post by
eklundleo on Feb 09, 2014 10:32am
Merger with Surge?
Looking at the number of shares, debt profile and production of Surge and Renegrade, a merger at a price of Renegrage $ 1.85/ Surge $6.25 would work nicley.
Comment by
tankingfrank on Feb 10, 2014 9:25pm
i would imagine a takeout around 1.30 -- surge, cresentpoint, alexander..
Comment by
eklundleo on Feb 11, 2014 7:28am
You could be right that an offer comes in that low . However at 1.30 , I would just rather hold the shares and collect the dividend for a couple of years and see what happens. That price would be a steel for any og the companies that you mentioned and would be highly accretive to their bottom line.
Comment by
Seppelt on Feb 11, 2014 8:15am
There is a Trading Halt on RPL. During the last few trading days share price moved higher on large volume. I wouldn't be surprized there is an offer or some positive transaction to be announced.