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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Big Dog who started this subject5/16/2001 10:59:23 AM
From: Big Dog  Read Replies (1) of 206184
 
Re FGHLQ...now at 1.07...

I am hearing that a major security firm that is "close to the action" feels FGHLQ will bump to about 2.50 should the company get a favorable ruling from the bankrutcy judge on the request to cancel the Amethyst rig contract.

The matter is now before the judge and a ruling could come at "any time".

It may be that this losing contract converts to a money-making contract if FGHLQ makes a subsequent deal to continue work on the rigs on a time and materials basis. (As they did with Ocean Rig.)

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