CGR 6.25% 7.5¢ cgn resources limited

Already happened here after Surus. Pumped beforehand and then...

  1. 285 Posts.
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    Already happened here after Surus. Pumped beforehand and then then dropped to current levels once duster confirmed. Not much left to drop in any case to get to shell value, and most current holders seem to be in the wait and see camp given the small trading volumes. The SP movements literally being dictated by single holders deciding to sell up, hence why we actually held up for the majority of the day.

    Shep & Hathi results should be this week if Stan sticks to his guidance. Available funds as reported by mgt as still having $7m for 6.5 quarters before CR required hence at least we have targets and cash for drilling. Overall, still a better position than some of the others in the Arunta but at the end of the day still need to hit something of value.

    Good luck all holders.

    https://hotcopper.com.au/data/attachments/6347/6347315-2526b6961087559192b87b2860e8758e.jpg

    https://hotcopper.com.au/data/attachments/6347/6347333-467f8e03ec2a16e3dc9051b6d03698f0.jpg


 
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