CGR 2.86% 17.0¢ cgn resources limited

Ann: Completion of Ground Geophysics Enhances Targets, page-148

  1. 9,635 Posts.
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    prior to WA1 Nb discovery its M/C was never at $40m+
    CGR has nothing at the moment so cannot compare with WA1
    the market has clearly value this at $20-27m M/C (this year)
    or since IPO M/C range from $13m to $29m
    and what a coincidence the s/p went up just before RCR announce drilling delay
    why didn't CGR's s/p jump any other day before 26/3? but one day before the announcement?
    the company still told ASX and the market that the rise was due to "drilling in early April", so for those who didn't do in-depth research will assume
    drilling will start early April hence s/p been pushed up higher by them.

 
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