"New" CGX Really excellent posts guys.
I also feel that a possible white knight might appear but the political angle from Guyana looks too strong.
The more I read, the more this looks like a good deal for CGX in the long term. Forget dilution issues - if theres no money and no revenue, then doesnt matter if you have 400m shares or 800m;
Also of interest is the forthcoming Brazil Govt licence round in May. 67 new licence blocks of which 45 will be around the Amazon Delta area of Amapa. This stretches the scope of the whole basin from Northern Brazil, FG, suriname to Georgetown Guyana. Abount 1200km
This is going to be one of the major global plays over the next 3-5 years IMO and I wonder if some Big Oil bidders for the new Brazil licences might also consider a counter bid for CGX as outlined by Misfit earlier.
Welcome to the "New CGX"!!