RE:RE:RE:RE:RE:RE:Just a question....You have to remember it is Catalyst Capital that is controlling FEC and these guys are venture capitalists that buy companies and flip them from their past history. From what one of my friends tells me, their sale of FEC is long overdue so I do no think that they (CC) are in this for the long haul. So, in my mind, they will do what they can to maximize the company in the short term and then get out. So what do they do to maximize FEC value? They also have to clean up this tangled mess to entice someone to buy FEC. So, in my mind, they jack up CGX price as high as possible and sell out all their shares to generate a huge amount of cash. They farm down their 33% to 25% or even 20% for more cash. This would have to happen after drilling Wei-1 to get the benefit of that (and possibly Makarapan to validate D block). Then they have a company with 40k boed generating excellent free cash flow along with 20% (managable with the cash that they generated) of one of the hottest blocks in the world. That could be worth a lot of dinero and could be only a year away.
I do not own any FEC at this time but would consider buying some when CGX hits my magic number. I will wait because I think CGX has more short term potential gain than FEC but, then again, I thought we would be $7-10 post discovery...