CGG 0.00% 53.0¢ citadel resource group limited

nice resource upgrade, page-9

  1. 1,601 Posts.
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    key to them getting into production is availability of funding, as it is with all juniors.
    In previous announcements/presentations, they talk about a Saudi government backed group that provide funding for such development projects.
    They will find it tough to get funding anywhere else even with their great resource & grades.

    I've been in for a while higher up (18c). I've met MD & was very impressed. Management look good.

    I don't see much action until they announce something definitive on funding. I would switch & do the gold first (they own 100% gold, but 50% of first copper/gold one).

    The underground drive is already there, saving them plenty.

    a long term buy for the brave, but I'm not buying anything in this crappy market, until I'm sure we've seen THE bottom.

    cheers,

    ned.
 
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