Emil,I am all for this stock doing well. As soon as oil has a...

Emil,

I am all for this stock doing well. As soon as oil has a turn around as it is around previous lows, I envisage we will see a bounce, and in turn this will correlate to CIG. However the 1.3mil at 1.7cents is by no means solid support at current levels. It could easily go very quickly, however given the low selling, he as you suggest, may be collecting from anyone wanting to sell out (benefiting him). From now though, CIG should continue its steady upward movement on the lead up to the quarterly. Providing there is positive news, the upward plod my become an upward jog. Overall this stock, like several others are in a really good position to buy into (technically and fundamentally) providing the price of oil has that bounce and we see a return to a 60 - 80 range of the price of oil. This is not an if but a when.

Cheers all!