proposed roc takeover, page-4

I hope the Poms have got some idea, the proposed deal is only good for ROC. I can't understand why AZA or AEL would be interested they have the reserves, cash + 10% of NXS. AZA will be significantly increasing there production in the next month and have a developmental plan to further increase production over time. NXS are in a position to pay dividends healthy dividend which would see there share price significantly higher than where it currenty sits.

ROC do not have significant reserves going FWD and they have a significant out of money hedge position.

The propsed deal is no good and the market is saying that.