RE:This is funny …Frank007 wrote: The the perent company who has 93% of the position in corentyne.....and pays th bills ..down 1% ...the Spec play ....7% of the corentynen. No cash no income .. up 4% ...go figure ...such is the stock market ..lol. Good thing I have both usually I would switch ...no today ...glta
Your thought process is misguided, or your intentions are to misguide?
Yes FEC and CGX are inter-woven, however from a valuation point of view, they are separate entities.
CGX owns 32% of corentyne and whatever is found, then 32% of it's worth will be attributed directly to CGX shareholders.
FEC just happens to be another shareholder like you and me, all shares worth the same, not 7%, 32%.
Yes FEC's valuation should include the monetary value of it's position in CGX, but that ownership does not discount the value per share of CGX and it's shareholders.
CGX shareholders stake in Corentyne is 32%!