Its a pity I cant vote as I am out completely but I would be...

Its a pity I cant vote as I am out completely but I would be voting for BOD change without a doubt
Danpech, don't hold your breath about being shown its a good deal for ROC and value accreditive because it is not

They will happily quote in the press and to investors personally that they are acquiring HZN reserves and resources at 6 boe,( plus debt which they conveniently ignore) they neglect to mention they are giving away Rocs reserves/resources at 4 dollars per barrel and our resources also have a short to medium chance of being converted into reserves and are mostly oil

Also on pressing Roc on dividends, unlikely any will be paid until 2016 the earliest, thus also highlighting what a spin artist the current MD of HZN is.

I was invited to attend a link up with the company as one its it larger shareholders, ( not as large as my mate Bytee ) and I was not able to be convinced its a good deal for ROC. Infact, they spent time trying to talk down Rocs assets ( and after tax margins) to make HZNs assets look more attractive.

Rocs rational is they have been looking for assets for 2 years and they get outbid in a big way, and this merger enables them to acquire assets for a good price, it ignores the fact that they give way our assets for peanuts which is the same thing as buying pricy assets. Despite making a 10% profit with this last entry I feel cheated. I however can't hold when HZNs MD is in charge as the level of spin would make it difficult to trust any info. Also note Roc have assumed reserves in Maari are downgraded as part of their HZN valuation, interestingly that assumption isn't in their reserve presentation numbers as it would make the deal look even worse for SHs

BTW - what is the bet the Alan gets a massive golden handshake

good luck folks - its not a terrible deal, but it isn't good either and definitely not cracking