Is there something I don't understand?
Yup, why would a major care? They also know GE can not or very likely not live up to their promises with the Cangali co-op they have the deal with, its called poker, we wait, they (GE) fold their tent, we get property for less, look Barrick and Jim Bob's McMorran Freeport attempted to do it to Bre x and Jim Bob's company won that one, same will happen here, just my opinion.
If I were a major I wouldn't even talk to GE, what benefit would it be, they are wounded and bleeding financially, thus the question, how long can they last?
Only time will tell. |