Wrong as it may sound but my personal opinion is that the main reason they will not merge is because it will then mean one wage instead of two for some directors and staff. May be a case of egg on face - As red rock was a spin off from regency, a merger would be seeing the venture as a failure. I always thought a merger would be more beneficial to RGM than us, but now I am not so sure. The end of year financials for both companies will give us a clearer view. One thing for certain is that both companies could do with a near term income stream.
I must admit, I never thought that we would end up worth more than RGM if you had asked me a couple of weeks back !
Who will rise most now between the two ?
We have the "imminent" deal due to complete and RGM will no doubt have another HH spike in the not too distant future, it will certainly be interesting.
As I mentioned previously, I think it would make perfect sense to merge the 2 companies as we have the same staff, share premises, share assets, same board (more or less), same investors (for the most part), same funding streams and now almost identical mcaps.
I'd also look at a 3-1 share consolidation to get us back to decent levels and then we could hopefully move forward together and have a much greater strength as one company.
Hmmm - Not sure what is going on. Whatever it is we should hopefully have some news soon. Was nice to read that Colombia deal likely to be completed before the end of the year. History tells us different I know.
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