Post by
taal on Oct 17, 2023 8:40am
Headlines
In the past several days we have had two positive articles on Cgx...The Port News and now the Minister of natural resources announcing that Corentyne could be in production by 2030...Speculation??? Government official usually don't make predictions..so I'm assuming there is some truth to this statement...Yet our share price is stuck in limbo...Very easy to manipulate a low floater and just as easy to Move a low floater...but for some reason ...powers to be want the share price in this range...Again I'm of the impression that are working on a deal ...thus the delay and share price stagnation...giving No one the impression that there may be activity going on behind the scene...Soon our long and agonizing journey will come to an end...GLTA
Comment by
Profittaker on Oct 17, 2023 9:13am
Many people keep making the statement that this will be coming to an end soon. I wouldn't count on that. What if the deal is done where Frontera simply absorbs cgx and we end up owning shares in Frontera. This is still something that could take years and years for us.
Comment by
Strawboss1 on Oct 17, 2023 11:48am
I agree with you, and that would not be very good in my opinion. I have watched trading on these two stocks and it has been magically kept trading at a ten to one ratio, and again today. OYL is 1.06 and FEC 10.58 Its been kept here too long to be a coincidence. I dont know the significants of it, but could well be what you stated.
Comment by
ranman1 on Oct 17, 2023 4:19pm
That may very well happen but Frontera was also looking for a way out.That is why they separated all of their columbia assets . I think whatever happens it will be bigger than a ten to one dilution. Although-that may happen first