RE: Re solo30 Dec 2019 13:07
Tanz is one catalyst.
But production deal is most important, along with production growth / deals going forward. Tanz could take a while and is not in our control. Hence production strategy. SOLO need to take control of their destiny and thats exactly what they are doing. If the DAS deal falls through, we will just move on to the next opportunity. Remember the RRE model, they have been very successful even though a few deals have failed at the final hurdle.
If the deal fails it will be for the right reasons, hence the need for further negotiation now. For me this underlines the BoD quest for a value accretive deal at all costs. I'm sure they could have accepted what was offered first time round and we would likely be non the wiser in the short term. So its a win-win, deal or no deal, in a contrarian way