RE:FecThis is not market manipulation or FEC trying to screw you out of your shares. If FEC or CGX buy back shares, they have to let the markets know.
The reality is that there is a massive amount of uncertainty about CGX right now, and the markets do not like uncertainty. Even in a best case scenario, CGX will not have nearly the value they did just a couple of years ago. If (big IF) the Notice is accepted which imo would be due to CGX having found a partner to continue drilling, they will be left with probably 10% of the Corentyne and carried. If (another big IF) they prove the entire 600 mmbl of oil that would leave CGX with net 60 mmbl at $5 in the ground is $300,000,000 in value, or less than $1 per share.
If you argue they would retain more than 10%.. well they need a full carry but even if they manage to hold on to 15% that is still only about $1.35 per share... after they prove 600mmbl.
The risk reward is just not what it used to be. Show the markets some certainty though with a solid plan and there should be a nice jump from here.