I must be thinking on a different plane...Not much of what has been said makes logical sense.
My biggest question is not about timing on work that is
scheduled to take place on LG 2, Curiara and perhaps
LC 2 long term test. I am more interested in the motivation
for the large amount of 20 cent warrants that are being exercised.
There isnt likely news pending for another few weeks. ie. reserve report,
perhaps a rig at LG 2, perhaps some kind of initial production at
Curiara... maybe even a tentative spud date on Crypto.... Im not expecting
a tailwind of buying after may 5, unless there is a fundamental reason
behind it... There are still a large amount of options and phantom stock
appreciation rights as well.. 35 cent warrants likely would not come into
play unless stock is comfortably trading at the 40 cent level... Im just
as equally surprised at our JV partners' share price.. its trading at
a very healthy price.... I would think they might want to do something
with that valuable currency.... Patience is a virtue... and then.. you do
the right thing..