If RMP raises $50 million the cash situtation is NOT equalized. RRS has nowhere near $50 million. And if you're going nitpick over a 2.5 to 1 over a 3 to 1 advantage, then just go right ahead.
How many RRS shares did you use. You know they're close to 1.7 billion or more by now with the recent raising.
Which would I rather have? The one I have. RMP. No question, but then I'm an optimist and a bit of a gambler, otherwise I wouldn't be investing in oil exploration plays but in the majors like BP, Suncore, etc.
The market seems to be coming around to this point of view it seems. In the last week or two RRL is down a bit while RMP is up.
RRS Price at posting:
33.0¢ Sentiment: None Disclosure: Held
