RE:RE:The Price is RightsMy thoughts are that De Alba has manipulted this down to take a bigger share of the pie for negotiations of a buyout and with Fronterra still holding a portion of it as a JV.
He did it in a paltable way for everyone. Brilliant actually.
KAWA1 Still has to hit though and De Alba seems to be all in as well, If you dont exercise your rights I'm buying them hes basically saying. So thats a good thing.
It also takes off the table how CGX is going to pay their fair share of this drill.
The interesting part is if there be a positive/negative leak from the drill before the rights offering is closed?
De Alba is betting there wont be, But I am waiting until the very last minute on that.
Exercising the option now for me would be ridiculous as my average is already in the low 30s.
So unless its a ways above 2 bucks when the offering ends in late October he can have them.