RE:RE:RE:RE:RE:RE:RE:What do you guys think of this deal?Nergy, I tend to agree with you unless the 2 vultures need 55% of the $30mil U$ offered in the buyback. If not, and they see that 4% of the shares have been tendered and they back out of tendering any shares the deal, since it is in the contract they can backout at anytime for any or no reason. They would then own more than 55%.
They know all of the inside info. And surely they have lots of interest in the port, which is almost one of a kind. I would think Bahia, the newest, deepest and most modern port in South America has had a lot of interest from potential buyers. There is no other port in the world like it, let alone for sale with no debt attached. FEC owns 99.7% of the port and that does not even seem factor into the current constant weak market price.
They also know the potential and all offers of still selling Frontera Guyana. Surely Coretyne is worth far more than the recent blocks auctioned off since it is just two miles from a Exxon commercial well.
We don't know Jack Chit about what's going on, so as usual, a huge advantage for the big guys.