I think FFR-GCY merger is probably their best bet to stay...

I think FFR-GCY merger is probably their best bet to stay independent. From acquirer POV, there is no benefit to getting the combined company when they can get the individual bits cheaper. Based on the benefits though, it will be hard to sway GCY shareholders from WGX offer.

Diamond drilling results would be nice, but unless they hit a bonanza, FFR's current valuation would be difficult to sustain . Still hoping for good results though...