Thanks Jeddah, I am not a big fan of Mining/Oil and Gas companies buying their own exploration equipment. You have to ask, are they a drilling company or Exploration and Devlopment company? Maybe they could not get a drill rig contractor for a few months and thought this was a quicker option to buy one?? Who knows?
One thing that concerns me is that there has been a lot of hype behind this company, i hope there is some substance to it?
Certanly is a good sign to have Santos involved.
Not to be disrespectful but how can you predict the potential share price movement of up to 17-20 cents when the other day you asked "Can someone please tell me the significance of the announcent released at 6.30pm? I am thinking about buying in tomorrow."
To most investors the significance was obvious.
cheers Andrew
CIG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
