Just looking through CGX website at Feb 5, 2012 presentation. Interestingly, on slide 12, it states "* CGX continues to pursue funding through joint venture which would reduce the current 25% interest in Georgetown Jaguar and 100% interest in Corentyne Eagle". I did not realize that they would give up interest in these properties that are currently drilling for some cash. That makes me think they want to derisk these ventures and collect some cash so that they can independently choose where they go next. Not sure if I like that because it makes me think that are not all that positive about these two current holes. Also not thrilled because it is near the end of March and have been unable to come up with a JV agreement yet and that was their stated intent.
I wish the annual meeting was in Mar and not June! Too many unanswered questions.