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I still have the feeling that CGR was pumped to prevent s/p drop...

  1. Trade4Profit88
    10,525 Posts.
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    03/04/24
    09:22
    Post #: 73160781
    I still have the feeling that CGR was pumped to prevent s/p drop due to potential drilling delay.
    https://hotcopper.com.au/data/attachments/6074/6074671-3894e5b9aacfe6e72cdd35556b3a9244.jpg
    https://hotcopper.com.au/data/attachments/6074/6074673-c3c90d337ee11269cc5fd9d350fb2c4d.jpg
    by looking at the timing, DD in early April, its just about the same time when RCR suppose to finish our DD
    and RC by late April. and since both tenements are closed to each other I assume they will use the same rigs.

    also that CGR jumped up on 25/3, just one day before RCR made the announcement about drilling delay, what a coincident.



    RCR Price at posting: 2.4¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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