Re the discussion on Market cap its my opinion you need to take into account debt as well. Roc currently has no debt and 65 million cash + 65 from Balai coming in over the next 18 months.
HZN has 200 million debt less about 25 million in cash and 70 million coming in from Osaka in the next few weeks.
If you adjust the Market cap for these liabilities the shareholder value is about the same (given liabilities are paid out before equity) so a merger of equals isn't as far fetched as it seems.
ROC Price at posting:
45.5¢ Sentiment: Buy Disclosure: Held
