I had a bit more of a look at the BTO takeover and still did not like it. BTO is simply overvalued so CGX's share of the new company does not reflect its true value. It also looked like there would be no Oz listing of BTO and I did not want any additional issues that may arise from dealing with overseas brokers and tax laws.
Consequently I sold out at $2.90 and put my money mostly into more EVR shares No reason why CGX can not go higher, but the alternatives goldies I am interested here are still cheap enough for me.
GLA.
loki (frustrated by management's stupidity)
CGX Price at posting:
$2.81 Sentiment: Hold Disclosure: Not Held
