Fronteras hidden agenda with the rights issue? It´s clear that the rights issue will benefit Frontera the most, now they will be able to increase the holdling from 45% to > 75% by buying shares for 25 cent + alot ore for 41,5 cent later. And when they have as much as 75% or more it´s quite easy to put in an bid for the rest. I think the maximum bid price will be like 50 cent.
And this is also why CGX/Frontera didnt even try to market the company during the Rights issue, they don´t even have a company presentation!!?? what a joke! Frontera is not interested in getting attention to CGX and a higher share price becase it will only work against them when they bid for the rest of the shares. Hope I´m wrong because I still holds shares, but be carefull something is really wrong here.