2. If RMP raises $50 million and doubles the number of shares their market cap at 33c per share will be $100 million vs RRSs $500 million. After such a raising RMP will have plenty of money for many additional wells or other projects and still have a 3 to 1 adavantage over RRS in Georgia and a 5 to 1 advantage in Puntland.
No question which is the better deal. I'd rather put a quarter of the money in RMP than the whole bundle into RRS and get the same upside $ return and have lower potential losses if all goes to hell.
RRS Price at posting:
32.0¢ Sentiment: None Disclosure: Not Held
