Someone please help me understand Why does CGX have to be trading so low and continuously be pushed down by these money managers? I get it, management probably does not care about day-to-day trading, but at some point they should care. If the goal is to make a business deal (whether a JV or full out sale), would it not be worth the effort to have a higher share price? I mean, so many other companies in all industries go to great lengths to ensure high share prices/market caps and yet Frontera/CGX almost employ the exact opposite strategy. I don't get it. Yes, both companies have had major problems but they still have something worthwhile here in the next 1000ft in Wei-1 and with their port. Guess a good opportunity to buy shares for those with balls. These money managers likely are, but at some point management has to stop caring about these greedy market manipulators and actually start playing to win (ie, maximize their own share price for a JV/full out sale). Rock bottom market caps don't achieve this goal, unless I am missing something entirely?
At this point (share price of $1.30 CAD), we are trading almost 50% lower than in January 2022 when Kawa-1 announced first indications of oil and hence my frustrations. Guess we will see what their grand plans are when they release the news of Wei-1 in the coming weeks.