Post by
CLOUDER on Jun 19, 2021 10:12am
JUST A THOUGHT.
AT $1.75 CGX without the latest round of finaning is at FEC`S market cap. DO anyone here see a problem in this?
Comment by
Rapsani on Jun 19, 2021 10:20am
Imagine...a reverse take over. With everything that this stock has been through I keep all possibilities open. On the Suriname blocks I assume it was all closed bids so we can't get an idea of what our blocks could be worth.
Comment by
CLOUDER on Jun 19, 2021 11:30am
AND again, FEC owns 80% of CGX, and more soon + 1/3 of there leases and they have the SAME MARKET CAP? I ask again do anyone here see a problem with that?
Comment by
Nergy on Jun 19, 2021 2:32pm
You are right the valuation of FEC is totally out of touch, and represents what I would consider rediculous value. Other names with the same out of touch valuations are TXP in the gas/oil patch ORV in the Au/Cu patch and NKL when it comes to Nickel. Some times it takes time for reality to play catch up.
Comment by
CLOUDER on Jun 19, 2021 7:12pm
so, you think CGX is worth $10 or $10`s of dollars, a share, U.S. $ i suppose to,ok. SO just who has 3 billion + to well , CHINA maybe, they might get the port to going , they love there ports don`t you know.