The problem is that over the years there have been so many theories with buy-ins / buy-outs / deals etc that most have written them off as either wish full thinking or pumping.
I believe its a real possibility at this point in time. There's so many loose ends that have been so quiet for so long. A company like CESPA could walk in and get a stake in two very strong onshore properties and a huge amount of offshore acreage. Not to mention, like you say access to our largest shareholders African Rolodex. An Addax in the making for sure.
IMO, right now if Momro is correct and approval has been granted from Kenya on the 4th, then what are they waiting for?? I would guess its the "other considerations" and the " Positive Results" from the FTG that they could be working out. Because if the FTG really does look that good, it could really, really change the numbers. The timing IMO is too suspect for anything else but. The good thing is it can only mean a better deal for us.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.