Yes gnooster. Fec was 2 bucks decades ago and way before it's only "relevant" holding or position was sc72 when they bought it around. 2007 I think? Since holding sc72 when it was a penny or sub penny when anounced, the stock if I remember may have reached 7 cents briefly intraday. And on the charts it has it as 5 cents.That price I think you would agree has zero relevance today. The only relevance if I really dig for it is would be that if, and that's a big IF forum decides to distribute their cash profits when they roll in about 6 to 8 years after signing a contract. If they distribute the cash as an annual dividend or a one time dividend every so often, then fecof in theory can use that money to buy more concessions and grow their company into more than just a holding company as their profile states that they reserve the right to do so. Pxp is already a company that's growing with its strategy into Peru. And apex has turned its company around as well the last two years with new management. Apex demands a current p.e. Of 20 which is refreshing. I don't expect apex to trade at 20 times its cash holdings. Lol, but if they reinvest and use their cash to grow or merge, then maintaining that 20 p.e. Is very exciting indeed. Same as the potential for pxp. That's why I asked earlier if anyone has an idea or likelihood ,if this future cash profits in 6 or 7 years let's say, gets stock in forum until they go public one day , 2. Gets stuck in forum for decades and only viewed as equity in forum stock where only the cash position in forum is recognized, 3. The cash will be distributed annually as form of dividends when the cash profits actually come in after expenses. Could be 10 years for all I know.
I'm not sure if the question will be answered as part of the deal/contract that gets signed on that glorious day if it happens, or if Forum Energy will need to announce it themselves in regards to their holders which are pxp, fecof and Atok Big Wedge. Apex is not connected to forum , apex bought mont oro the private company which owns the 30% of ac72 which forum does not own.
