IF .... If CGX need's more capital ($) then they should ask it's shareholders( and no one else!!) at the next meeting & not behind thier back dealing with "other" people without giving the names of the Investors & those who are behind....
Why did CGX invest in Eagle 1 Knowning that others (Repsol,Tullow) knew that you had to drill deeper????
Maybe at the next meeting they could bring some clarifications...
Management is, by law, responsible for thier actions..CGX's management should not differ!
What i find surprising is that on the same day we had :
1- The results from Eagle 1 (Not very well explained)
2-The change in Management (Why??)
3-The need of another $20 million (For what?? Sell it to current shareholder's)
After the trading halt the share price collaspsed...So if CGX need's more capital ONLY sell it to the Current shareholders...AND NO ONE ELSE !!!!!!!!!!!!
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