RE:RE:RE:THE WHARFGood points WCP.
Well, they can do a rights offering at say $1.00, because there is no way this thing will go to $2.00 without a drill in the ground.
The second pressing issue for us, CGX, right now, as per EXXON, is the urgent need for MORE wharf facilities.
The rights issue could then raise from us retailer shareholders, a sum of 40 million dollars. Which is more than enough to get the wharf up to speed. The 15 million which Frontera has budgeted for wharf may not be enough to meet EXXON's requirements.
In addition, CGX will get a working relationship with EXXON immediately via the wharf.
Pity we're such a small part of the ownership; after all, FEC got it in writing that we can have no say in these decisions. All we have is a hope and a prayer! HOPIUM, lol.