This deal IS good news. This means that there are folks out there (besides us) that see the low-hanging fruit this company represents and are willing to put their money up to have the chance to grab more.
The last financial report valued our shares around $1.90CDN and we've been trading well below that for some time. In a normal situation, most gas & oil stocks trade at a value of 3-5 times their P/E ratio. ROL, under normal trading volumes, should approach this in the not to distant future. This means that, as of today, we're probably at least $3-$5 below a normal trading range.
The investors putting up the $8 million know this and will be patient until ROL is back on everyone's radar screen and starts trading for what it's really worth. If there was a time to back the truck up, now is it, IMO. (If you can find enough sellers at this price that is)
JR
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