CGG citadel resource group limited

director's why

  1. 894 Posts.
    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.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.