Viney, if they are as sneaky as wBill suggests, and the CR timeline is as wBill suggests, then the CR could happen after the settlement from Blade for Cadlao.
From here I reckon everything hinges on arbitration settlement, which has dragged on long enough and surely must be reaching conclusion. Also on Blade's capacity to pay due compensation punctually, should that be the decision, if Blade fail to cough up, the JV stands.
the share of venturOil acquisition comes by RAI funding their share of Cadlao drill / set up costs.
That was a sneaky move forsure and I'm sure Blade didn't see it coming.
But as I said, I'd be glad to see gone of Cadlao and Blade.
I want them to get on with South Block A and then Kakapo.
And hey, I Like Sneaky. Directors and management hold the bulk of this company, they have skin in the game and aren't playing for kicks.
RAI Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
