RE:Re good newsI would agree Taal.......imho, it is probable that they had even better terms from a 3rd party but FEC wants to maximize THEIR value as much as possible so going to a 3rd party not in the cards i think.
I would agree this is good news for CGX and the words DEBT FREE should send a good message to the market/investors.....
I would ask this question.....i have ask it many times before to many who have messaged me....how does DeAlba walk the line of being Co-Chair of CGX and Chair of FEC? Whos's best interest was he acting for in this deal? FEC got a great deal for that amount of ownership shifting some of our potential profit to FEC shareholders....but, CGX is now debt free and secured for a 2nd drill....so my answer to the question if DeAlba was acting in the best interests of cgx would be...."kinda"
And i have not even mentioned the port....hoping to hear some kind of update/positive news re the port next Friday.....
At least we now know why the CFO was replaced.....