But is partnering with RDN worth a 60% pump? We are great, but are we that great? We don't have the cash to drill them right now. We would need to cap raise to drill the ERW interests. And if we could cap raise on the back of our results, there is no reason they could not do that themselves. That would be the checkers answer.
The chess answer might be a more strategic block to not let the big guys divide and conquer with any possible regional ownership consolidation.
I'm open to it, but feels like a bigger fish on the end. Time will tell.
RDN Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
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