Frontera NR! Too much uncertainty?Now that Frontera has released this statement, I may have made a mistake with full subscription.
No wonder said subscription was declined by a vast majority of small retail shareholders!
The present Government of Guyana was voted out by a "No Confidence Motion" 33-22 out of 65 sitting MPs on Dec 21, 2018.
There was supposed to be general elections (constitutional mandate) within 90 days, which has been delayed by political differences. The Opposition Leader, in a previous news conference, declared that the government will be "illegal and squatting" after March 21, 2019. AND all contracts and agreements made by the government, will NOT BE RECOGNIZED.
Wonder if the "vast majority of" minority shareholders (in the know) were guided by the aforesaid?
The whole thing raises more questions.
Will they be going ahead to drill in November 2019?
I am asking the contributors on this Forum to please find out from CGX's office.
TIA
Phantom