TSXV:FGC.H - Post by User
Comment by
Futuristicalon Mar 21, 2017 1:56pm
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Post# 26009048
RE:RE:RE:RE:RE:RE:Is Turkey a bit of a concern ??
RE:RE:RE:RE:RE:RE:Is Turkey a bit of a concern ??
I just came through a rollback with another company and after rollback I exited with nearly 40% gain. Left because they announced a lower financing and will buy again later if price actually does soften enough.
Point being that if a deal has enough merit a rollback need not be a bad thing. Frontline has plenty of interesting projects and possibilities. Depends on ratio of rollback as to how the share price sits after it happens, of course. I'm in another deal that will be doing a 1 for 2 in order to meet desired structure for pending financiers. It will go well to I expect. Frontline could use another financing now and depending on the group or individuals they may or may not want a rollback. A larger group could simply buy shares and set the price where they want, do a financing to advance whatever project(s)makes the most sense, and FGC would be off and running to new levels. Given the most recent proposals passed at shareholders meeting, no doubt management is prepared for possibilities. One door or another will open soon I'm thinking. Cheers.