Anytime Ed. Only time will tell if it was the right decision but it appeared to be a foregone conclusion so not much to think about. Just make the most of it. You can probably still participate if you are so inclined before it's a done deal.
I have ZERO concerns about cash. None. The XBOR acreage alone has proven to be worthy of hefty future investment. There is no doubt in anybody's mind that the pockets behind these 2 companies now simply want to see finality to the merger before coming with the next round of cash. There has been no need to ask for it until there is clarity which now exists. I think they wanted to see if it could really be pulled off in the manner in which is was.
Share price pressure? Quite frankly the best thing we can see is a low price on RDMP now while weak hands are flushed out. I expect to see HUGE selling pressure on RDMP in the near term but I think that's a GREAT thing. I want to see them get flushed out as low as possible. The lower the price...the more shares they have to sell. Be gone while stronger hands accumulate. If anybody has a 3-6 month time horizon they may as well just get out now. I think the RDMP core knows this and will circle like vultures.
I think anybody that is not suitable and short term minded should sell now without question. I know this acreage and think we'll see the benefit of an experienced operations team unlock the potential. For all the reasons you bought originally, you now have a chance of seeing the potential. XBOR was staring down the barrel at HUGE dilution. They can get this company to 2,000 BOPD in a year easily with just the XBOR acreage.
Stay in touch...it's oughta be an interesting December!
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