The share ratio has already been decided upon: 35%/65%. So with good news or bad news same sum received. The merger doesn't allow increased value simply due because of timing. In fact, each party is penalised for not proceeding!
Silverwood is the exception, which i would imagine would be paid in with additional shares.
Also, the idea that they have been busy elsewhere doesn't stick with me. Is the drive thru at maccas ignored because the bus, full of school kids walked inside?
And testing. It takes weeks to measure that GGP favourite -the stabilized flow rate. What should be really encouraging is that more oil was produced over time in the third interval.
Agree with you womble on the holding share price. Good sign. But if the dump comes, I'm outta here!!
VIL Price at posting:
2.3¢ Sentiment: LT Buy Disclosure: Held