CGX OUTSTANDING TRADE BALANCES - BUYOUT OPTIONAn available option (perhaps on the table for discussion) is for PRE to buy-out the shares from Prospctor and JDC that would fulfill the outstanding trade balances for each company.
The way I figure it - PRE could buy the CGX shares held by Prospector and JDC for a premium that would settle the entire trade balance.
Prospector (owns ~15,534,310 CGX shares) and JDC (owns 16,522,500 CGX shares). At ~$1.15/CGX share - both Prospector and JDC would be made whole again in terms of giving them the capital to settle the original outstanding trade balance CGX owes.
In turn, PRE walks away with 75% of the company - that has no outstanding trade balances. Valuation of the company closer to $125M. In addition, is able to farm-down and engage JV parties for a carry on the exploration program and infrastructure assets...
A clear win-win for all parties involved... Something to think about...