RE:RE:RE:How to deal with the rights issueFor those share holders that use all Rights and buys new shares there will be no dilution, the total number of shares of CGX will increase in % by the same as your own, so no difference. And CGX will have enough cash for going on and drilling. I hope the first drills can be done without or with limited farm out. Im going to use all my Rights.
(But anyways, imagine if we could get Exxon or Total on board taking like 40%, then our Share price would sky rocket) But lets hope for 66% and a drill, imagine the upside if we hit oil, it´s almost unbeliveable, CGX would go 50 times if we hit something like one of Exxons 14 drills, and Exxon have a 92% hit rate just a coulpe of km away)