PRE purchases of CGX stock
Great chart. I check the Canadian insider all the time. My take is their all in costs for the per centage of the CGX stock they hold is in the $2.90 range, prior to exercise of the new wts at $1.70, which would then take their cost to $2,30 or so as you have pointed out. So, with tons of cash, why not buy some CGX dirt cheap. The only worry we have is that PRE gets 90% of the stock, then , they can force the minority out with a bid and take it private. We would be SOOL then. I don't believe that is in the cards as this vehicle is best for their needs. As well, they can do JV's with others or financings at much higher prices without affecting PRE initially. The team is in place, the opportunity we know about and the price of oil is great, so patience is the game. Do you look at your house price every day or month? Of course not. I know stocks are different, but getting things done in a big deal takes time, so we will let all the noise sound off around us and wait to see the cards. That is what we paid for, but didn't get to see the cards yet. We have seen one down card out of 5 so far. Think of this, Pre just put $35 Million into CGX in April, now the whole company is worth less than $45 Million based on the SP. Do you think management is loosing sleep, not one second. they are planning to build a big asset, and we get to enjoy the ride. FINALLY