Post by
taal on May 05, 2023 8:21am
Shakeout
That Shakeout yesterday was masterful...even had me concerned...I guess just a Coincidence that Gramercy yesterday picked up $1.8 million worth of Fronterra shares..I think that Wed shakeout paved the way for us to move forward....Now let's go and crack that $1.85 ....maybe next week ....then its clear sailing from there....Just speculating but I am totally convinced that they must be in negotiations with someone and not for a JV but for a buyout....
Comment by
YancyDerringer on May 05, 2023 8:56am
Taal I agree a buyout is probably their best option. :)YD
Comment by
YancyDerringer on May 05, 2023 9:00am
Taal the other option is for both Frontera and CGX to sell to a third party, like Exxon, a percentage of the concession for free carry on future drilling cost and production. Much like occurred on the Canje concession.:)YD
Comment by
Coloradobuff on May 05, 2023 12:34pm
I sincerely hope you are right. I would like to close the book on this stock, 20+ years for a speculative stock is long enough for me lol. Seeing you and all longs good karma. if they hit 500 million barrels what's your thoughts on rough share price?
Comment by
Coloradobuff on May 05, 2023 1:21pm
So if initial run up is 4-6. Will buy out be say 8-10? Roughly? Just curious?
Comment by
ljmorin on May 05, 2023 1:28pm
Sorry Colorado, too many moving parts for me on that one. Maybe someone else could chime in on that.
Comment by
YancyDerringer on May 05, 2023 3:57pm
Coloradobuff I think it could be as rich as $10.00 US.:)YD
Comment by
Coloradobuff on May 05, 2023 4:08pm
Would love $10. I would be happy with that and so would my RSP and TFSA