Re working interest minority shareholders
Good post Beaner...your quote" How approval of this related party transaction does not meet the nessasary threshold for minority shareholders approval is daft to me...The last 10 days of trading prior to this announcement our stock price average including that small run..up was app .90...with a market cap of app $300 million...In this Related party transaction Cgx sold half of its assets for app $150 mil App $127 on this deal and another $ 23 mil For the Port...So Fronterra A....ss is covered This deal has been in the making for some time...And to think that this deal was not orchastated by Fronterra for thier benefit is Ludicrous...And to think that the share price was Not manipulated down to these levels is also Ludicrous...My earlier post of a few weeks back stated that our share price was being manipulated downwards and that as shareholders because of this low share price would be Happy with Any deal that comes along...Again before Kawa was drilled Fronterra forked out $73 million for shares at $1.63...You might think that this would be the absolute lowest you would value Cgx ...giving it a Market cap of app $500 million...Half of the Assets should be worth $250 million ...not what we just got paid...I've Never trusted Fronterra...and to say that Fronterra and Cgx were not colluding together on this deal is asinine... This deal had been orchastated and planned for months...Gangsters...