StarkPlease explain to me how De Alba is maximizing value for CGX? I can see him doing it for Frontera, but surely not CGX.
Summer 2021, I lamented very strongly how crazy it was for CGX to go into drilling Kawa-1 without any financial contingenies for additional wells. You, on the other hand, we very adament that Kawa-1 held the goods and that De Alba was "maximizing value"... we have all seen how this story unfolded. In fact, guys like you were very opionated that farming down going into Kawa-1 would be foolish and leaving money on the table. End of day, Kawa-1 went months overdue/costs overrun, unable to capture key data, horrible PR in data release, and CGX ultimately had to give up ~35% in Corentyne to pay back past loans and fund their share of the upcoming Wei-1 well. Where in the living hell was De Alba adding value to CGX in this outcome Stark? If giving up ~35% WI to fund a new well is adding value, you and I have very different definitions.
You love to bash me and say I only spread theories. Yet, history suggests your hero De Alba has been nothing but a gambler for CGX and has a tremendous amount riding on Wei-1. Any fool could do this.
End of day, I will keep a couple shares around for Wei-1 final well results this late spring/early summer. But I am not dilusional to think that somehow De Alba has this grand financial plan to "maximize" value by holding out on any meaningful JV deals.
I guess when you hold a stock for over 20yrs, facts no longer matter!