RE:Posted this Oct 1i agree with TAAL and others who say we r stuck around $1.60-$1.80 until end of October. Imho, this process all makes a ton of sense....to Frontera, DeAlba, CGX and us shareholders.
Why would they let the share price rise above $2+ and have us exercise our rights? Answer is, they wont.....does it really matter? Most of us are in at a MUCH lower average and are for the most part tapped out $$$$ and ready for profit.
So, imho, most of us will exercise little or no shares....keep our cheap and dirty low buy in averages.....Frontera will buy the rest......we r happy we get some free money for our rights, Frontera is happy to gain more shares and cgx is happy to raise money for their share of drilling and not give up any ownership.....all good.
LJ, i can almost say 100% their will be no leaks till November :) GLTA