Lack of interests on the merge of UKL and MRO have seen both UKL...

Lack of interests on the merge of UKL and MRO have seen both UKL and MRO down.

Logically, I think UKL is a good buy now. There are two reasons,

1. If UKL and MRO merge go ahead at it is, you can by UKL to get MRO at discount. At 60c, you effectively get MRO at 84c, while MRO is traded at 97c today.

2. If the merge failed, UKL has much advanced project anyway. It should be rated as near producer, should be worth a lot more based on NPV.

It is a win-win situation at such a low price.