CGG 0.00% 53.0¢ citadel resource group limited

mother of all intersections, page-10

  1. 1,545 Posts.
    I thought about buying today but...

    With...

    493million shares on issue
    44million partly paid shares
    398million shares held in escrow, and;
    60million unlisted options in the money.

    This has a market cap of $368million.

    Not small.

    I think that I need to look this project and the companies other projects in more detail before buying because when the market cap is this large there are many other factors to decide on...

    ...given the size of the market cap, the hit as good as it was shouldn't move the share price by all that much.


    I hope people who bought today looked at the market cap and things other than the drilling hit before buying.


    Damn good hit though.


    Francoo the queenslander.
 
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