Why would the company directors sell out when:
- 60kT copper production is imminent
- a company re-rating to a producer is imminent
- 260M cash to get to production
- and what we have been told is excellent exploration ground position and massive upside potential
all given up for a for a short term SP gain of 20% ?
CGG is a 1B MC company on the verge of producing 60kt of copper a year in concentrate at the same time it looks like the copper price is on a long road up.
The company has done all the hard work. 60kt copper at 8,000/t should result in a greater MC than what we have been offered by EQN.
It would be nice to understand what is behind the decision.
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