I have just bought into this stock on monday, as I believe it shows great potential both short term and long term.
I am not convinced that his announcement is entirely good for the current share price as it is locking away a fair swag of scrip, and if JT gets his shares back then the stock will not be a liquid as it could have been. I would much prefer the JT/ANZ parcel to be sold to GF as this would at least ensure the share price would then have a healthy Takeover premium added to it. Any good news regarding drill results would not only increase the underlying share price but also the T/O premium. I also think a great scenario would be if anoher player (ie the Chinese) managed to get hold of the JT/ANZ parcel as this could/would put pressure on GF to take action and could even create a bidding war for CQT down the line.
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late announcement out, page-9
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