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Gold/Mining/Energy : Red Sea Oil Corporation (RSO) -- Ignore unavailable to you. Want to Upgrade?


To: Bart Hoenes who wrote (270)1/18/2000 1:14:00 PM
From: Tomas  Read Replies (1) | Respond to of 332
 
Bart: RE: merger price. My guess is $2. Ian Lundin yesterday said "one Lundin Oil share is probably worth more than 2 RSO, but less than 4". Yesterday he also said: "RSO's stock price is now 1.12, we believe the company is worth between CA$1.50 and $2".

I think it's realistic to expect $2.