RE:Re DirkExactly. This low volume selling (even vs. public float) won't dictate the price of any sort of takeover offer... if that even ends up being the case. Shareholders with large positions are holding out because they know that. I'd be pretty concerned about the current price if a private placement was happening, but that would dilute Frontera as well so it's highly unlikely. Not too sure about a rights offering backstopped by Frontera either if they are avoiding going over that 80% ownership. Perhaps a small loan if they still have room to convert/stay under 80%? Easiest solution (especially if they want to drill Wei before brining in a major JV) would be for CGX to directly sell 5-10% more of their Corentyne license to Frontera. Or a buyout at $3 to $5 as Oilrun said.