GREY:GTMIF - Post by User
Post by
mullatschakon Oct 17, 2010 2:53am
456 Views
Post# 17574213
situation
situationI'm not quite sure about all the situation, due to the fact, that I don't have full picture of the players. The only thing which is sure for me, is that any player wants to keep its rights in the play. It is promising enough.
With Forest, 2 years ago we could see it, TLM seems to do a similar thing now. From our sight Forest sent share price of partner GMR down, but did not buy any share in GMR. TLM does same with QEC now. But that is our sight, is TLM aware about it? Don't think so. TLM enabled QEC, to rais much funds. That is the point. GMR had similar possibility, but did not raise in adequate manner. We suffer from this now.
QEC and GMR do the lobbying in Quebec for the big boys. Think, that TLM and Forest formerly did not have the needed lobby to do gas exploration in Quebec, nor do they have it now. For things like this you need partners with good network in the countries of operation.
We do not know, why is situation like it is now, but assuming TLM wants to take QEC over now, and loose the lobby, things can really get worse for them. So I do not believe this. 2 years later when all the problems are solved, and QEC has a sizeable shareprice, maybe. Same with GMR.
In general, both companies did a great job. Only mistake from GMR was the financing during the hype.
imho