CGG - Citadel Resource Group

[rhyslivs]

This stock got a tip in a certain small cap investigation newsletter which explains the volume spike experienced the other day. Fortunately for the larger than typically recommended market cap the price didnt spike as badly as a lot of their other tips do.

This should be bring some welcome new interest for this stock.

 

[Sean K]

This stock got a tip in a certain small cap investigation newsletter which explains the volume spike experienced the other day. Fortunately for the larger than typically recommended market cap the price didnt spike as badly as a lot of their other tips do.

This should be bring some welcome new interest for this stock.

So, who was the newsletter, what was the call, what do you think of it, why any interest?

 

[Buckfont]

If this is any help kennas, I believe it was Australian Small Cap Investigator, and I guess that for a 900m mc company it may lie outside the small cap. range.
I hold some and as with centamin i made money and if the political systems are kept under control in this neck of the woods, which in itself is a big if and the copper inventories are at a squeeze at the mo, there may be some upside as the the chart appears, but I`m no T/A. Hope this helps and look forward to your input.

 

[Sean K]

If this is any help kennas, I believe it was Australian Small Cap Investigator, and I guess that for a 900m mc company it may lie outside the small cap. range.
I hold some and as with centamin i made money and if the political systems are kept under control in this neck of the woods, which in itself is a big if and the copper inventories are at a squeeze at the mo, there may be some upside as the the chart appears, but I`m no T/A. Hope this helps and look forward to your input.

I've been commenting on this one for some time, but less so recently due to some change of life style. Looking forward to getting back into the detail of this one. They have a great basis for a start and certainly some very prospective ground for further exploration success.

 

[Sean K]

Takeover from EQN. Probably not as good a value for long term holders I feel. Once into production they could have claimed a much higher MC perhaps. Or, if they stuffed up the transition could have been untidy I suppose...

 

[pedalofogus]

Takeover from EQN. Probably not as good a value for long term holders I feel. Once into production they could have claimed a much higher MC perhaps. Or, if they stuffed up the transition could have been untidy I suppose...

I agree, seems cheap when you consider the potential upside once production commences. I wouldn't have been surprised to see other companies come out of the woodwork and make offers. But the fact that the management have approved the offer indicates that they know there isn't going to be other offers, or maybe they just want to take what they can get. But i guess there is still time for others to throw their hat into the ring?

However, EQN is a good company, so CGG shareholders are not losing exposure by holding EQN shares.