CGG citadel resource group limited

think this might be a buy soon

  1. 1,305 Posts.
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    I have held CGG for a very,very, very long time. During that time I have never ramped up the stock as I was a long term shareholder anyway so short term fluctuations didn't worry me. In fact, along with some other holders, we have warned about the tendency for the stock to be sold down after every positive announcement. However I think this stock might be verging on a buy. The buy depth has improved remarkably in the last 2 months and seems to be holding 30c and pretty well balanced between buyers and sellers unlike a few months ago. I have a feeling more and more investors are warming to this stock. Three to six months ago you would have seen this stock back at 23c no matter how positive the announcement. It's been a long wait but DYOR as these are just my sentiments. I'll say it's still a long term buy for the time being but I am eagerly anticipating what the share price will do on the next market sensitive announcment.
 
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Currently unlisted public company.

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