RE:RE:RE:RE:Why Eco Atlantic is buying into JHI Associates IMO CGX is a gong show. Worst company I have ever researched... by a wide margin!
Currently have a drill plan announced... they should spud within the next couple of weeks. Their share of the drill costs is about 55million. They have about 10million in the bank. It doesn't take a mathematician to to know these numbers don't add up. No clue how big the target is, they don't seem to think sharing this info is important. Contradictory information all over the place... eg. they claim in a presentation that one of the targets on Demera is potentially larger then any other single discovery in the Guyana basin... then you read the actual 3rd party geology report and the entire block is only 750 Mbbl. The more I looked into the company, the more I was amazed that anyone would trust their money with this management group.
CGX has really made me appreciate Eco Atlantic's management team!