RE:I get pis...d I don't disagree Taal. Ironically though, by trying to rape CGX, De Alba has also destroyed FEC in the process as well.
Both companies should have capitalized on the Kawa-1 well and gone looking for external cash (ie, that's where HL should have came into the picture). Or too your point, leveraged their elevated share prices and issued more shares to collect fresh cash to onwards with a multi-year drilling campaign.
Instead, both companies are now left hoping HL can pull off a miracle for them instead. CGX has no cash and FEC has a badly bruised SP that's been punished and no desire exists for them to invest more capital into Guyana.
It's funny... this is exactly what De Alba wanted (a crippled CGX). Sadly for him, FEC is no longer in position to take CGX out completely. Instead, he actually needs CGX to rebound very strongly otherwise FECs WI in Corentyne/share holdings in CGX in essence become permanently worthless.
I still stand that .85 CAD is the bare minimum benchmark FEC is hoping CGX rebounds towards (their breakeven in CGX shares). Hopefully this happens bloody soon.