Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Gunnar who wrote (116)	2/11/1998 7:45:00 PM
From: Donald Lickman	Read Replies (1) \| Respond to of 332

<<Now he waits for an opportunity to make a cheap bid on RSO>> I agree this is the next logical move for Lundin, however, the valuation on RSO's assets will be under close scrutiny. There are several institutional shareholders in RSO that are the same shareholders that are funding many of their other ventures. It would not be in the best interest for Lundin to try and grab RSO for anything less than fair value. Before Sands makes a takeover bid, I believe A.Lundin and company will stand in the market in the near future, and accumulate RSO shares. A.L. is a pro at trading and has the ability to make the RSO market look weak and shake out shares. He also has time on his side, no more drilling for some time and as we know markets tend to sleep during seismic.