Puh-lease, I'm expected to believe the independent expert's time was consumed on the RMS due diligence, and after initially advising the report would be out weeks ago EXU subsequently found no consultants were available to meet that deadline? it's just not believable.
Now the new vote date is only 2 days before expiry of the RMS offer, so who is going to accept the RMS offer until the outcome of the defeating condition is known... its obviously another ploy to frustrate RMS, while EXU shareholders are being treated like idiots by their own bod.
RMS should waive the defeating condition, its offer is now in the money, so EXU holders can accept both ALK and RMS; RMS offer gets across the line and effectively pockets the $12M from ALK to spend on drilling later. With + 5 years reserves the new RMS shareholders via EXU benefit from the dividend policy of ~5cps starting now.
EXU Price at posting:
8.8¢ Sentiment: Sell Disclosure: Not Held