Interestingly, 2 of the blocks SYR tried to peg have already been applied for. I wonder if CGG is pegging more ground in anticipation of a Texas stampede.
From SYR announcement 12/10/09
"Syrah Resources advises that it has informally been advised by the Deputy Ministry for Mineral Resources that 9 of the 11 exploration licence applications submitted by Syrah are valid. Two applications were rejected due to pre-existing applications by other companies."
CGG Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held