Goldfinger 1, don't be so naive "One might conclude or presume that DLS desperately need our cash and or reserves ". Nothing could be further from the truth. Fact: DLS has constant revenue from sales. TDO has nothing in way of oil sales. Why would DLS "desperately need" TDO? Your living in wonderland.
The TDO ceo has not been willing to enter discussion with dls. How many oil & gas outfits want to JV with TDO? Nothing to do with management I suppose.
Smart money would lean to a merger that would take these 2 companies closer to being a mid-tier producer, something tdo will not achieve on its own but dls will. You need production to be taken seriously as a mid tier outfit and you need to be worth $100m. A combined dls tdo would soon hit the radar and price could increase significantly from their respective levels. At $100m the funds managers need to be buying. Get your slide rule out and your head out of the sand.
TDO Price at posting:
11.0¢ Sentiment: None Disclosure: Not Held
