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My reply to mwm. You're paying for the risk here. After it gets signed with 95% less risk at play at that future moment in Time I would feel more comfortable picking up shares as high as 5 cents on the day of announcement. On its best days when we didnt need effing China's approval or them taking an unknown piece of our share....the stock climbed to 10 cents back then. And then again years later to like 6 or 7 cents, albeit in the face of China's dispute.before a moratorium announcement when no driller wanted to touch us because of the China threat. But that was with about a 12% share of the sc72 pie so keep that in mind too. If you're going to compare previous charts we are at almost just half the equity we had before. Keep all that in mind. It's still a looong shot for me and I'm fully invested with 4 m shares in this long shot when it had a clear path. I "personally" would only add more if this turned from a looong shot to a value play. I'm just happy it's less of a long shot then it once was. The only reason I didn't dump this 3 years ago was because my selling alone would make it reach .002 and I'd rather hold on for that slither of hope which gets somewhat better each week but still with many landmine challenges and opposition. Strangely enough with opposition. Within the ph govt itself. I'm still hopeful a bit more each day. .20 cents could change my life but I do t see it getting there in one day on an announcement. Maybe in 2 weeks of continuous positive coverage. Maybe. Nothing is certain yet.
News coverage by Forbes and future articles like this one published by well respected financial journals and publications will bring this investment opportunity and to the light. This article was very well written and not like that philipines rag news outlets.
Only the very investment savvy will connect this news to fecof, let alone pxp or apx on the pse. Unless we litter the chat boards with fecofs connection to this investment with those parent companies etc.
I would advise against doing that until the bigger stocks rise with a deal being made. If a deal is announced and those stocks shoot up we might be lucky enough to see an equity holding in sc72 uniquely underpriced way more than it already is compared to fpl's (Pxp's) worth. We should give ourselves that opportunity first when a deal is signed as I would feel more comfortable then buying more shares at let's say 4 or 5 cents on its way to 15 rather quickly. Only when the news is fully out and saturated by American media would I bring attention to fecof. Just my opinion. Compare it to yahoo being undervalued 4 years ago with its holding in I think it was Ali banana. Anyways. Just my two cents.... trading at sub pennies.
Got it traderfan. Don't get defensive buddy. I was speaking generally.
Look. There's no whale here or institution. I could single handedly move this to .025 myself by just buying 10 or 15k worth of shares. It's just that one or two market makers rigging the price and then it would drop again. Of fecof drops I wouldn't worry. If pxp drops significantly then I would worry. The real money representing the action is in there. Not in fecof. But in this rare situation we can benefit more than the whales by sitting on fecof instead. I hope.
Analogy. Why is fecof not rising?? Lol
Imagine that fecof is the Milwaukee bucks with their great star Gianni antentokounmpo "the greek freak".
Fecof and it's share of sc72
If Gianni's is traded the bucks future is bleak. Most agree that the Greek freak is the future of the nba but they are still a 60 to 1 underdog.... but hey , you never know. As they get a higher ranking closer to the playoffs. Their odds lessen and the bucks NBA ranking rises. In fecofs case the share price rises and the future returns lessen if you get in late in the game.
If the bucks get to the finals this year miraculously , then they'll only be a 5 to 1 dog and you can hedge your bet against them if you took the early odds for them.
With fecof if the contract is signed its 20 cents. If they drill successfully it's 30 to 35 cents.... of they pump it out year after year it's worth 2 or 3 bucks in your 401k 5 years from now.
If the Greek freak gets injured the bucks will be a 100 to 1 odds underdog only payable in 2018. Same thing with fecof. They need this signed and constructed beginning this year. Now!! Or actually they need it yesterday as they keep diluting their share of sc72. God forbid they get a loan or line of credit to keep them going.(sarcasm)..... watch the action on pxp and apx and hope it gets done very very fast with favorable language and paperwork on pxp's and philipines beneficial behalf.
Hey all. What's all this fuss and discussion about the bid and ask???! Lol
220k volume at under .015 is roughly 3k dollars. It's dismissible Maybe someone needed. New rims and sold a bit . Also there's double volume reported with market makers involved so it's a big joke. Institutional investors can not get on this ride. They just can't. Not enough shares Just us here. They'll focus on pxp in due time.
That's definitely possible In the corrupt philipines insider trading is the norm so expect to see high volume no news days followed with a headline shortly after. A week or less. They probably signed something or are showing strong signs of headway with a contract announcement. But don't hold me to it. The fact that pxp hasn't come down from its yearly highs from huge percentage gains is a great sign. If it was just hype profit taking would have happened months ago
That's what I kinda remember. So if China didn't lay claim to any of malampaya back then or now . Since China didnt invade it
Malampaya, then its safe to reason they are not going after that red dash line in the same ferociousness as their fhetoric. When china helped as an explorer I. Seismic graphs of sc72 of the reed bank they didn't lay claim either back then so that bodes well too. Just saying that , just cause the sc72 is within their ridiculous 9 dash line does t mean end game with them either. Mao the to gwod be turning in his grave on how much China has changed after his cultural revolution. China depends on capitalism more than the USA Today. It's crazy. These retarded commies cant have it both ways and they must eventually give in to business I ter ational law or they will drown in a depression. Even a recession makes poor Chinese scramble for food.
Isn't malampaya within the 9 dash line too?
Hdymaniac. You are correct. I'm in Kyoto doing drunk karaoke and I brain farted.
The article says it's owned by state owned pnoc ec. And cnooc china and passed approval..... in my mind it might as well be pxp .... in the near future, because if such a deal can pass the courts then I don't see why an exact similar deal can't be approved for pxp. If a state owned ph company and china can work together than there's no reason to hold back pxp. Financially speaking you are right. Pxp doesn't own sc57. But mentally when it passed it was a windfall for pxp as it set a precedent on how to format a passing and contract with cnooc
Yes gnooster. Agreed on the Hope side. My point for posting that last link was to show there was some kind of a precedent with cnooc and pxp already having framework approved and going forward with sc57 that shows more solid promise than just talks of how things can go with sc72. Facts and precedent are better than just talked no heads and I just wanted to share something positive that I for one had overlooked. It helps to post a few positive angles to balance out my healthy skepticism.
I have a bit more confidence that there's middle ground and that it's not just talk this time to pump of the shares. It also explains pxp's move early last summer not being related to only sc72 and giving it some bottom thanks to progress on sc57. Good luck to all. I'm sitting on 4 mil shares. And I haven't add d or sold in like 2 years. Maybe I'll buy some apx to balance out my risk in this kind of play. .
Important read , September news but likely overlooked with serious relevance to sc72.
When I read that sc57 is in the same boat as sc72 in a recent article I simply googled who owns sc57? And found this article which explains pxp's rise since sept more than just anticipation for sc72. As 72 will likely get some treatment.
https://www.pressreader.com/philippines/the-philippine-star/20170928/281522226281220
Hi Irish.
When I originally went to pse. The ph stock exchange to look up apex stock symbol apx. ..... the pse analysis had their market value one way.... saying something like 21 million market cap us dollars after converted from ph. But they had conflicting accounts as their total shares multiplied by share price shows they were actually in the 210 million market cap us dollars range. And pxp is almost 3 times that much. Around the 600 mil market cap, dwarfing fecofs size.
I should have fact checked with other screens but the pse is the equivalent of the NYSE so I thought the figures were right.... well they weren't. Apex is more than just 5 times bigger than fecof. They are 50 times bigger. Still a good long term play for your 401k longshot if the drill sc72 into a world class find.
E*TRADE told me I can trade it. I haven't yet. I'm in japan. I'm not in a rush. Maybe next week I'll try some. Good luck
https://www.pressreader.com/philippines/the-freeman/20180302/281668255473194
For the record. I'm not a pumper or a badger. But I am skeptical after all I've seen and heard in an 8 yr span.
The articles I've posted recently and shared are more in the negative side but it's important to share those so you might know the sentiment and feeling of what Filipinos might be feeling too as the deal may not happen as easily as the duerte govt makes it sound. And there are calls now that duerte is a traitor.
Did you notice that pxp's sc 72 is suspiciously missing fro that certification? Forum is gobbled up by them so sc72 certification should be in their name unless somehow it's still in forums for paperwork because they don't own 100% of forum. I hope that's the only issue there .
hdmaniac: I read articles later about the deal being with a Chinese company and not china says an "official" but when duerte speaks he was referring to China the country. Which in turns controls the state owned cnooc. So it gets complicated in the language. Yes I know many MVP was pushing for a bipartisan cnooc deal for years. Just the way duerte speaks is 10x more confusing then when Donald speaks...... and it doesn't help that duerte recently joked that he's ok with ph becoming a Chinese province. He's a traitorous one and only chasing the opposition of corrupt peoples and not of his own party. But yeah, maybe I'm jumping the gun a bit as this duerte Chinese puppet scares me I guess he'd need to blow up the constitution and courts to make my worst fears on fecof come true. I just hope he chooses his language more carefully ad he plans on his country opening up more contracts to open for bidding if he will just bend to china every time and possibly amend contracts. I'm not so sure this is great news until I see the final print, I keep seeing fecofs share grow smaller and it's beyond frustrating. I'll wait it out and see the details soon. The devil is in those details.
Am I the only one worried about what that statement means? What part is co ownership?? His part or pxp's part is co ownership?? Can duerte strike a deal to invalidate our contract completely since it was without "China's approval" and china is now his joint partner , and just giving china our half while selling us out?? In any civilized country I wouldn't worry about it but I don't know what this guy is thinking . Isn't it suppose to be pxp's decision who drills sc72 and not his?
If this doesn't affect pxp's ownership rights and percentages then whatever, just get it done, but I don't know about this anti capitalist sellout. I'm a bit worried until I hear the details. Are they sitting down with pxp or with duerte or are they all sitting together?
Hey all. Someone asked me about an old Edison analyst review on forum. Fep.l from years ago. Here's. The link: Notice they estimate as high as 20 tcf For all the new people, forum had the 70% of sc72 back then before pxp has it on its books now. From forum to philex to pxp spinoff.
http://www.edisoninvestmentresearch.com/?ACT=18&ID=2883
Also I need to correct the mixups ive had between the market caps between apex with 30% of sc72 and pxp with 70% of sc 72
Apex is roughly 210 million usa dollars That's converted from their 11 billion php to USA
Pxp is well above 600 million USA after converting their 30 billion (pesos) php. market cap.
Fecof 7% in sc72 seems to be grossly undervalued in comparison for reasons I've mentioned before but if the play happens to become legitimate then fecof (in my opinion) should have the higher returns on investments from its 5 mil market cap.
If this play on sc72 becomes green lighted , then there's no reason that a bigger player like shell oil ( who owns malampaya) can't offer to buy up all of pxps shares at a premium and making the same exact offer to fecof. If let's say it was just at the exact figure that pxp is at today(low balling) and pxp stayed roughly flat at 18 php Then fecof would have to rise 1000% from here alone . If the deal doesn't get done though then fecof is the higher risk as it's floor is back to .002 and without cash to continue being listed. Pxp will crash hard too , maybe like an 80% drop but has other things going and won't delist. Apex is the only one that won't crash nearly as hard as those two. Just my honest opinion on the last paragraph.
https://en.m.wikipedia.org/wiki/Malampaya_gas_field
According to that link and others I e seen have the ph govt getting 10 bil out of malampaya. And they basically get 50%. Maybe 60%. Multiply that figure by 2 and you're basically saying the fields revenues were roughly 20 bil US dollars .
They have estimated that sc72 is twice as large if not more. So we are seeing anywhere from malampayas size of 20 bil (20yr lifetime) to ad high as 40-60 bil? In revenues. Just rough figures. It has to be that high to justify a project of 3.5 bil to pump it out. Oil has recovered nicely too from those 20 dollar barrel years. LNG goes for way way more I. That region.... that's why MVP. (Manuel pangilinan) the ph version of Donald trump that owns most of the large companies including pxp is pushing for an lng plant ad part of the ph expense. He's a crafty dealmaket always playing an angle and doing his. Best. Hopefully this can find its way for at least two drill tests (phase two) to confirm what's in there after all besides the seismics.
I'm not getting enough sleep in Tokyo. Lol. There was a 5.0 earthquake the night before so I'm getting my zeros mixed up. Thanks for correcting me. Here's the link from the accurate exchange. Pse. http://www.pse.com.ph/stockMarket/companyInfo.html?id=628&security=566&tab=0
Heres the conversion. Pxp is still 211 mil US dollars. I had that part right
http://www.xe.com/currencyconverter/convert/?Amount=11000000000&From=PHP&To=USD
Good point. I would just love it if the articles were coming out of China and with Chinese officials making statement than solely or mostly ph.
Interesting note. Pxp is about triple the market cap of apex and yet has roughly 70% of sc72 compared to apex which has 30% of sc72 You can argue that pxp also has D.C. 75 which looks promising as well but apex also has contracts and a much better floor. Pxp is up huge this last 52 weeks and apex is near its bottom. Just an observation.
Alexa market cap is over 200 mil us. Or 11 trillion ph pesos. Compared to pxp's 29 trillion pesos.
Another way to look at it when comparing sc72 equity is that fecof has just 10% of the equity value compared to pxp
7% compared to 70%. But fecof market value multiplied by 10 would still be 60 million.... way less than pxp, but once again pxp had a few other things going for it too and less likely to be diluted like fecof in cases of delays on the project.
If fecofs board really cared about shareholders and the company they wouldn't dilute it like that and simply just give them a line of credit at say 10%. It's hard to I
Shine that fecof once had 16% ownership in Sc 72 so keep that in mind when looking/comparing previous charts and how they react to similar news and deals. I personally thought fecof would go to 2 dollars conservativelyeith a p.e. Of 1.5 , in my 401k in the span of 10 yrs. with the less % ownership I have it pegged at 80 cents..... if it can demand a p.e. Of between 4 and 8 instead then we are golden .
Oops. Another correction.
I thought that the volume in 2012 was higher but I missed a digit.... it seems that we are on roll to having the best volume for the year at this pace as pxp is rising from its low of 2.80 in 52 weeks..... but it should be noted people can afford to buy more shares at lower prices. Nonetheless I put my foot in my mouth and I'm correcting myself before my other friends on the board shoot me. The volume is respectable and a good sign. Maybe even signs or tells of what may be happening. A huge volume day without any news would be the best indication of all. Insider trading is to be expected in those countries more than here.
My posting on forum is just to clarify why it's delisting. It was simply bought out and is now the new pxp. The symbol is delisting because it's not tradedanymore. Many years ago. It's just that there's new articles using old info
Yes it's better that it's pxp and. It forum as the U.K. Had it in an alternative trading platform making it hard for global citizens to purchase it. Buying pxp is easy for just about anyone.
As far as the developments I am happy there's talk, and meetings but I've heard this talk before so I am cautious. I never sold my 3.5 m shares of fecof hoping trump would help secure the Sea for duerte to drill but that jerk is totally unamerican and is taking a different, arguably riskier approach to trusting the chineseand maybe giving them a piece of the pie which will find a blockade by his own ph courts system for violating constitutional rights, mainly the ph sovereignty of its oil well. Sc72 is clearly in their economic zone.
We can hope china is mostly posturing because if they were to enforce their criminal red dash ancient Chinese map claim then they would have invaded the malampaya field too which they haven't. So it's not all gloom and doom but China's waiting game is turning the ph into a desperate beggar. A bigger company like pxp is better diversified to take a hit on sc72.... but fecof will see the most gains as it's the biggest. High risk high payout in that investment. It's pure play in fecof. Their only other holding generates them about 100k a year.a power plant.
For new investors I just tell them this is a high risk gamble on fecof and should be viewed as a lottery ticket with an expiration date. But the jackpot is at an all time high with much better odds than powerball tickets.
If there is a dodo itive agreement where china doesn't rob them blind and allows them to drill under acknowledgment of a sovereign owned ph property then you can buy fecof as high as 5 cents and wait for good returns. There's always risk. I owned no dog and a well they drilled collapsed which also collapsed the stock. You need an experienced driller and since it's close to malampaya I feel the chance of a successful well is high. China knows the reserves are there as they did the seismic study with them many many years ago. A decade ago and that's why they started getting greedy with the whole china Sea attitude. Building islands. Etc. they kinda needed that waterway to build a navy they never had. An American navy today though would crush them in one day. I hope this helps your question a bit
http://www.pse.com.ph/stockMarket/companyInfo.html?id=628&security=566&tab=0
When looking at that link pay close attention to the volume traded in 2012 when it looked like this deal would get done. In comparison the volume for pxp might as well be flat and of no signicance to its current price. There's just no real action yet since there are no new whales coming in. The articles are hopeful at best but until china clears themselves out of the way then we won't see that real action again like in 2012 where the sky was the limit.
It's good to just look at the pse website. Gives you an idea how much these companies represent their entire exchange. Like a Dow and jones10
Fep.l Forum energy. The main holder of sc72 (70%) was bought out by philex mining which later spun it off as pxp.
https://www.bloomberg.com/quote/FEP:LN
Maps for device contracts around Palawan.
https://www.google.co.jp/search?q=service+contracts+around+palawan&client=safari&hl=en-us&dcr=0&prmd=ivn&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjx99fI08LZAhWLTrwKHcj1C60Q_AUIESgB&biw=375&bih=559.
Some examples of specific contracts last year updated in regards to pxp
http://defenseph.net/drp/index.php?topic=2175.0
http://defenseph.net/drp/index.php?topic=2172.0
Correction: not fro.l. Fep.l. Forum energy. U.K. London exchange. Delisted?
Nice find but the article is riddled with errors. She meant philex corp not Phoenix....and she hasn't updated her cheat sheets from years ago,,,, philex spun it off to pxp. Mont pro got bought by apex. And I " believe" not positive, but fro.l had its shares go to pxp and is delisting. So many transfers. Between pxp 70% and apex 30% that's all of it. Fecofs 7% is alreAdy accounted for as pxp is the new parent company of fecof after the philex spinoff. Lots of changing hands....
I vaguely remember that the other 30% of the reed bank not covered by sc72 is either pitkin petroleum (private?) or under some other contract.
The math will be something like this
If the well contract has X dollars worth
Then Sc72 gets 70% minus then 50% to the govt minus "y" amount to the driller minus "Z" to china the extortionist. "Z" could be as high as another 50% off the top.... then they split costs /expenses and profits might show in 3 to 4 years. Just my rough math. Do your own due diligence. I'm not a financial advisor Invest at your own risk.
I'm in Tokyo on vacation so I emailed my broker. E*TRADE. They said they won't take the order online but all I do is call them up and place the trade over the phone. I'm a us citizen. Y the way . They use to have a global trading platform online but they took it down. If you google apex mining philipines you see the symbol. I think it was apci php I forget. I'm sure if they bought mount pros holdings they have more contracts with potential too. It's one of the larger cap stocks on the pse. Along with pxp and Philex mining.
Thank you so much for finding this. I was oblivious to this being available in the market. I knew that mount poro resources had about a 30% share I. The day but I stopped tracking mount oro since they were a private company. It seems apex mining bought them on 2014 according to their profile I just finished reading. I might just have to buy a piece of that company as it could be a more stable investment with a bigger payout than risky fecof slowly dwindling away its shares in sc72 every year. I'm hoping that if the contract is validated.by "china" of all things.... then fecof could shoot up without worry of selling us short in that manner again but if talks go stale again then it's more of the same. Apex has a better ground floor ... and at 30% it dwarfs fecofs current 6.8% stake.
Great find. I'll see if an American like myself can buy this and at what tax implications. Maybe some pxp too.
Additional leases you say Edward?
Edward, Fecof has been pissing away percentages of their ownership in sc72 , the largest find of natural gas and oil since malampaya' oil/gas find. Considered a world class discovery when first discovered. This company is cash broke.The say the do this with their parent company to stay afloat.... meanwhile they are just a holding company so I don't know what the hell their spending money on besides their chummy friends hotels and dinners during board meetings where they just think about themselves.
Let's just pray/hope they don't sell any more percentages as this had dwindled down to about half its ownership in sc72 to stay afloat since I first owned it. If you want a bigger piece of that Sea then see about buying pxp if that's possible for a foreigner.
It's optimistic enough to think that this has a chance of finally getting done let alone dream that it can get another contract in still "disputed" waters. Just being realistic here.
Only chance they generate more money besides screwing us out of sc72 ownership is a secondary offering at 5 cents or so and diluting us to crap again. I'd rather we just stay as is.
My negative comments?? Lol. Are you ok my friend? Would you rather I just st pump and dump it and leave other unwitting newbies be the new bag holders? This stock shouldn't rise more than it has until the remarks made are substantiated by the bully known as China. They call the shots because they have the much bigger stick. If anything I saved people from overpaying as it will be months if ever we get a substantiated and confirmed statement from China .
If China comes out and says that they will honor that the oil well belongs to ph and they just want to partner then we shoot up. Not wiggle. The spreads are ridiculous and the price is misleading as to what you're really getting g here. When we see volume of 10 million plus then you can get excited. Even the recent volume of 3 mil or so is chump change when a stock is roughly a penny. To see big money coming in at this low price you need to see 10 million shares traded. Yes the float is thin but there are flippers here when it gets red hot. Daytraders will be active when this moves 100% a day.
Also I was expecting a down day just like pxp had one. That article alone just isn't enough to keep it rising and it's past chart history on the same type of anouncements is exactly the same. Good luck
This link shows you a bit of what malampaya does. / did and the corruption ph has to deal with
http://newsinfo.inquirer.net/tag/malampaya-fund-scam
http://philippine-resources.com/2017/12/19/malampaya-gas-field-good-until-2027-says-shell/
https://www.doe.gov.ph/energists/index.php/90-categorised/energy/energy-resources/petroleum-resources/natural-gas/6314-ng-share-from-malampaya-revenues-tops-p346b
These links especially the last one paint a picture of how things get done......
Expect
Whatever number is in the test drill if it comes back positive and not with water of a collapsed well....that this number will have a 60/40 splitwith the govt and then probably another 50/50split with the China bully that shouldn't be there at all!!! Reducing this wells potential to a much smaller number after every mouth gets fed first. If there is 100 billion in its 20 yr life span then it's still worth everyone's worthwhile. I've heard it should be at least twice that of malampaya and hopefully much more... maybe 30-40 billion lifetime?
So the "dream" is that if fecof kept its 10% or so.... or at least captured 1 measly billion lifetime... fecof made for a nice 401k play..... to expect it to go to 50 cents in 6 months even under best circumstances I think is a pipe dream. 20 year lottery ticket is the best play here.(401k) If any play at all. Just my own opinion. Yes you can try to make a quick double to 5 cents but you can also just go play blackjack in vegas too. Good luck
Db7. Don't worry Db7. They are just slightly better than impossible , as they have always talked a good game before.... meeting with china cnooc back in the day despite china saying they own the whole shebang. That ran up the stock to 6 cents back then and they had way for percentage of sc72 then too.... I hope it pans out but I don't know if I should trust this preliminary talk anymore. I've regretted not getting out at 5 cents back in the day when they were yapping up a good game then too. To see this come into fruition like malampaya would be like buying apple stock before the iPhone.... except this is a pink sheet!!! High risks here. Maybe I'll sell half at a certain point here and ride the rest.
That article is from fep in 2015...... wasn't pxp created soon after?? Something to do with that deal. I think fep isn't trading anymore.... philex bought those shares then spun off pxp if I recollect correctly. Something like that. Also I think philex the company no longer directly owns agrees in sac 62. Just indirectly. Things definitely got complicated those years . There's no slam dunk here. But it's still good to hear a possibility again since there really is a fortune waiting in those waters. I just pray we aren't being lied to for a pu
P and dump or getting shafted like usual. Good luck
Share buyback?? They did that with my holding in nidoff. There Australian company. I don't remember that with fecof..... then again I vaguely remember something at .025 when it was much higher and then that caused it to drop like a rock and below.... was that it?
Take these statements with a grain of salt. Without the courts approving it it won't be done. If it's unconstitutional " whichbit is unconstitutional" " in its current framework where china is not recognizing that it's ph sovereign oil field under uncles and not to be infringed upon, then the courts can't approve it under China's current framework. Either duetted becomes a dictator and forces his will or China must bend to ph constitution.
As far as fecof getting .30 for shares it really means nothing. They got like 2.5 mil from their own parent company too pay for their " administration fees" which they in part give most of that money back to their parent company to file " paperwork". We got hoodwinked. Lay time fecof ran to 6 cents it had like 10% ownership of D.C. 72 or just about. They've diluted their biggest potential holding a few times. I've lost track and have been disheartened . My only saving grace with fecof is that it does have a power plant worth about .oo3 or .oo4 but when it's fully owned by a parent company they can manipulate, defraud , dilute at their will. The argument is that it's a Canadian stock and better regulated..... but it's a bulletin board stick so not really! Their gold mine was a bust 10 years ago when I first got in. Only if this really gets done .35%. Can this run up to its worth beforebeing screwed with and screwing shareholders. The upto 15 trillion in the South China Sea is not only abc contract 73. It's also 75 which pxp had and other areas. It's better to just compare it to slightly bigger than malampaya which was very successful netting the ph hovt 1 bil a year. And I think they were getting 40% of the profits after building. They've estimated this project would cost 3.5 bil to build and approx 3 to 5 years before seeing profits. Do your own dd folks. Please don't praise or attack me. I'm just sharing from memory. I once believed this could go to 1.5 in 5 years but now I think 80 in 5 but only if China is not an issue under uncles with their bs that they own the entire South China Sea upto Palawan coastline. I still see it as a major. Major issue. Duetted would have to sell out the ph to their rightful 100% ownership of sc 72. There's also a serious risk that if china uses duetted as a puppet they may even void the validity of the sc72 contract since" china" didn't agree to it with their " ownership" part of it. That would destroy business dealings in the ph if that happpens but expect anything when dealing with unlawful corrupt china and ph. Good luck
Hey gains day. I hope you understand that pxp 30 nil market cap is in Philipinez pesos. It's roughly 500 mil usa market cap .......just saying ..... still a nice number. But not no 30 billion us. Not yet anyway
Hello guys. I'm back
I still own my 3.5 mil shares. Thought about buying more when shares were as low as .0032 and .005 but there just wasn't any volume and they were executing my trades for 500 lotsand my commission was more than the shares I was buying. No I don't have level two.
This recent rise/opportunity will play itself out as a chance to finally play itself out as a chance to finally get out of what resembles a pump and dump but with a valid back story forever stifled by china invading the sovereign right to philine territorial waters and right to drill in their own economic zone.
Over the years we have seen fecof sell millions upon millions of their shares at what seemed to be reasonable able prices. .50 cents a share for 5m shares ... etc. but then they just piss away tat money every year to their boardmembets for doing god knows what....and fecofs share of service contract 72 has dwindled from a high percentage of about 16% in the day down to below 7%....
But even at 6.8% if this elusive unicorn contract that may or may not come into fruition with a strange bedfellow of China who may eve rob them blind in the end.... if I date look at the totally optimistic side. If pxp is ata 500 mil market ( roughly). Then in a very crude comparison .... arguably , this could be said that besides pope other holdings, it's really about service contract 72 (reed bank)... and therefore why not award fecof with a 5% market cap of that comparison.... 5% of 500 mil is 25 mil...... so arguably sofecof had way more room to rise to reflect their value in that service contract in the same way pxp also rose for the same reasons..
If this deal really does get done..... and you can just close your eyes like I've done for the last 5 years Then yes this could be a stock on its way closer to 1 dollar than to 1 penny..
Downside is that the board is rigged and they can sell off fecof's ownership in forum stock at any price they seem fit at any time as they have been doing rather than just diluting the shares a bit or taking on some effing debt based on their portfolio holdings. Lots of variables at play here. The story of "we are close to making a deal has been touted for 5 years and recently in August. It helps that trump is americas president and not that Chinese carpet Obama .... but china still calls the shots in those waters as they have built islands and invaded Scarborough shoal at their will. Good luck to all,,,,, 50 cents would land me over 1.5 mil dollars so I'm hoping and dreaming but I've even let down so much before that I will have to see it to believe it.... even if it goes to 8 cents this could drop to a penny again without a certain rock solid contract and deal soon after. Good luck y'all
a small light reappearing at the end of the tunnel??
a glimmer of hope??
the us navy fleet, finally, physically disputing china and its aggressive island building and claiming of economic and governmental zones in the sea and infringing on our sc72..................this is the first step of many that needs to happen to give us a glimmer of hope that this investment is still alive...............also at a million dollar market cap its relatively cheap for the Cebu revenues and revenues of "galoc".............I think it was galoc....its been so long I forgot the names of their holdings.
I find it strange that someone would mention a possible reverse split on the day the usa navy challenges china on its zones...................are the market makers worried they might get caught in a wrong position? just speculation.