RE:RE:RE:RE:RE:RE:RE:RE:RE:Here we go!!!To your first point. The fact FEC owns shares in CGX is irrelevent. They are two seperate companies with seprate board members (probably with some crossover) and seperate shareholders the board needs to be accountable to. CGX owns 66% of the block and therefore is responsible for 66% of the cost of the drill.
To your second point, I agree, the drill is going to happen. I am very confident FEC will not be simply covering the cost though, and having CGX pay them back at a later date. If this was the case, the entire FEC board should be fired as they would not be doing what is in the best interest of FEC shareholders.
So if FEC is covering the costs, and this looks to be the case, what is FEC getting in return? Answer that question with a satifactory answer, and the stock price will sore. The market does not like uncertainty.