sp is doing well

Hey Flight500

Your comments

"Generally still to buy CXY in the 3c level is very good.
Shareplacement done and required monies needed and just wait for the next ann. about the progress.
CXY is on the agenda now, and most important also seen positive." are a good call.

By the way we already have another announcement for the boardroom radio broadcast this evening.

For the institutional buyers deals would not have been discussed only yesterday this has been in the air for some time now and considering only a few trading days ago the SP was at only at .014 an agreed buy at .03 (3 cents) was a very liberal agreement.

The SP has handled the announcement of institutional allocation very well.

Remember earlier in March the SP was only 1.4 cents and there was other institutional interest as advised by PriceWaterhouse.

http://www.businessspectator.com.au/bs.nsf/Article/Cougar-plans-UCG-growth-capital-raising-EJURR?OpenDocument

"Meanwhile the company and its advisor, PricewaterhouseCoopers Securities, have advanced discussions with several parties in Australia and offshore regarding investments in the company or merger and/or acquisition opportunities, Cougar says.

Chairman Malcolm McAully says Cougar and PwCS's target is to complete a transaction by the middle of the current calendar year.


STOCK DASHBOARD: March 02, 2011

Cougar Energy

Closing Price March 01, 2011: 1.40c"

So the current investors have been willing to pay a premium SP price for CXY at the time of their probable negotiations.

Today after falling back to .033 CXY has recovered to a current SP the same ae open of .037 which IMHO has held up extremely well.