I am really savage about losing the mining premium we were about to get. Make no bones about it, this deal has been very very carefully timed. Every company I have ever been in that starts mining gets a +20% permanent bounce on commencement of mining, and Innes and the board would know that. This is a despicable deal, and I am now hoping for a far better, hostile, takeover, which amongst other things boots out Innes and her cronies. She has clearly shown her colours with the making of this deal.
CGG Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held