Why are people waiting for Ceytano to say something from march 21? He was already quoted that he felt positive and confident that an agreement/compromise would be made and that they would drill the much needed sc72 reed bank.
More importantly than what ceytano said is what the road blocking bully Chinese said, and they also confirmed his remarks that its positive and they are confident that this will move forward quickly.
China needs this For Geopolitical reasons just as much as ph needs this for energy. We are getting close to end game for who will control the South China Sea under different and multiple premises, and china needs this deal to convince others like Vietnam to act similarly. The Chinese navy can now use the excuse of protecting their energy investments when and after this deal is done. This will allow china to have its navy effectively dominate the South China Sea to its very edges , and to push the USA navy out of its dominant role there.
Just my opinion. I now own 4.3 million shares as I e recently added u set a penny. I must admit I am getting tired of prompting it up seemingly by myself and a few others. The float must be incorrect. There are seemingly endless shares of this "limited" float. Nonetheless it's tight enough to have a huge run with a difinitive announcement and further more with a "proven reserves" announcement in the future.
If you have 500 bucks laying around, buy some for your kids or nephews portfolio. This will help keep the stock prompted higher , eliminating more shares away from the market maker, and according to supply and demand it should keep the price higher.
I still fear somewhat that the parent company could buy fecof in the same fashion they bought Forum and took it private and justifying a cheaper price than its pxp shares, by simply stating its average price for Forum over the trading month or months was such and such. For this reason I'd love to see our average price edge higher rather than this market maker continuing to close the shares lower with minuscule trades.
Either buy these low shares for yourselves or get the word out with friends, families and other investors on different boards, as the investment has been in jeopardy to the whims of philex and now pxp the last 7 years. The more we control and prompt it higher than a penny, the better situated we are as this can still drag longer than expected.
