Replies to post #3155 on Petro Rio S.A. ADR fka HRPTY

[DrillaHill]

What do you mean Gus?

how can the company get taken private,
without paying shareholders multiples of current share price?

We still have the "poison pill"...

it won't happen in my opinion.

Mello is looking for Partners on behalf of all shareholders,
and yes jg is the major one,
I think we all agree HRT needs Partner(s) in Namibia.

[VanWilder]

I agree that could be the case. It is the only scenario I can see taking place......in this way Discovery gets to book the losses on HRT, and then wait 30 days, and potentially re-enter with JG giving them favorable terms.

It is crazy to me that with all the action in Namibia, HRT has not gotten a hostile bid already. Just those leases alone are worth 2X the current market cap.