Ann: RCI terminates negotiations with Jindal , page-43

Observer, there has been no evidence that the Meijin deal is in fact real. The way the market is taking it, they dont believe it either.

The Jindal deal was the real-deal, as they have purchased shares on market and through off market transfers. What evidence do we have that Meijin has been purchasing any shares.

Ive been thinking why the company would decide to tell Jinal to piss off so easily. Are management hiding something, i.e. possible drilling results? Do Jindal believe that the drilling already conducted is over estimating their reserves? I wonder what the deal breaker was from the companies perspective?

What they did obviously has not brought about an increase in shareholder value, if fact it has done the opposite!

Im in for the long haul, but I have a feeling that the SP hasnt hit rock bottom yet. 2 million bid at 20c is a dummy prop bid I think and will be pulled at the slightest hint the SP will hit the 20c mark.