Formal EvaluationI encourage everyone to go to sedar.com and read the latest Material Change Report uploaded on Aug 1. It outlines the formal evaluation prepared by H&P Advisory Limited with regards to the Formal evaluation of Corentyne and proposed Farm-In by Frontera.
All is can say is this... if CGX was going to get H&P to do an evaluation and accept it at face value (i.e., demand absolutely no additional premium from Frontera for WI in exchange to help drill Wei-1), then what in the hell do they need all those BoD and Senior Management for? Tons of examples exist in the business world where companies pay premiums for opportunities.
Irony though... everyone and their dog now knows what an external party thinks about Corentyne. If Wei-1 backfires and does not come back as a massive find, Frontera in essence will be holding a pretty worthless asset in Corentyne. Next couple months will be interesting.