CGG 0.00% 53.0¢ citadel resource group limited

volume & price up, page-2

  1. 9,509 Posts.
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    Hi gbiskup,

    The price is rising because EQN is now close to the 90% of all the shares in Citadel.

    Because of the fact that EQN only needs another 1.05% of the shares in Citadel before Compulsary aquistition will start, the market believes now that EQN will get the take-over wrapped up soon.

    That why the price in Equinox shares are rising and because that Citadel shares are also rising as the are a means of getting hold onto EQN shares and hereby connected to the EQN shares.

    So nothing else to his movement really as a white knight will now stay far away with EQN having basically total control over Citadel now.

    disclosure: Iam a longterm holder of EQN

    Good luck guys

    jojo
 
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