RE:RE:RE:RE:RE:RE:RE:Here we go!!!westcanpride wrote: Does anyone have any ideas what Frontera's actual end game plan here is? Its clear they hate the higher current SP. Everytime it goes up, it is brought done on small sells. If it wasn't for the late June push upwards (which I still think Frontera coordinated to a large degree in hopes of making a potential JV partner antsy), we probably would still be at low $1.
My fear is that minus a small bump next week (in the event a real spud is announced), CGX share price will stay at this mid to high $1 range. Not exactly that great for everything Kawa-1 (plus port, Demerera, etc) has to offer.
Maybe I am crazy, but i also think Frontera will also supress any big share price jump in the event oil is found. I truly think they are 100% selfish and want the entire opportunity for themselves. If economic oil is found, I think they would be very upset to have to pay CGX any major premium for extra % of the licenses or even CGX shares via loans. I know this sounds crazy, but Frontera (Pacific Rubilaes) screwed CGX over before and they are doing it again in real time. I hope I am wrong, but being literal days away from spud should not being seeing the share price barely move in the right direction. Makes no sense.
Personally, I do not think there is nearly as much stock manipulation going on as you may think. IMO, the reason the stock price has not climbed the way many here expected is because these questions are not being answered. If CGX had funds in the bank and everyone knew how the drill was being paid for, I know I would jump back in, and I think so would some fund managers willing to invest serious dollars on this opportunity. How can a fund manager invest though, when from where I sit, there is the possibility CGX may be getting the short end of the stick in some way from FEC.
Patiently waiting on the sideline for some clarity on the situation. If the picture does become clear, then I would expect some serious gains on the price.