COMMON SENSE ***********people, use common sense here......answer a simple question,
Its obvious this share price is being kept low......why do u think Frontera agreed to pick up any rights not exercised and then keep the price low? Maybe because they want them all !!
Then u have to ask yourself why would they want them all? Maybe they have information u and i dont? Maybe they are sure they will not only profit from this rights offering, but profit BIGTIME.
Does ANYONE think Frontera would agree to pick up any rights that are not exercised if they didnt have information that tells them they are going to make $$$?? ANYONE, ANYONE??
Dirk, u have lost credibilty here when u refer to catman/clouder....u use all the bubbles and charts u want to....but try a little common sense while u r at it.
Here's a good summary of FACTS that support cgx taking off after this rights offering is over.....TraderRJS posted,
"Btw, if either the port was priced into the SP, Kawa-1 wasn't surrounded by oil in large quantities, the tracts of land CGX controls weren't located so favorably, the current management team wasn't so experienced, 3rd party review of their 3D findings wasn't favorable, majors weren't actively looking for ways to get more involved in the basin, the price of oil wasn't moving north in what appears to be a long term trend, Fronterra wasn't showing confidence by buying up any available shares left over from the offering, the practical float wasn't so low, I'd probably be more conservative."
These are FACTS, not bubbles or charts or analysis.....just the FACTS.....