OTCQX:CGTFF - Post by User
Comment by
ukermannon May 05, 2017 4:06pm
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Post# 26210480
RE:this stock has a proven story in FG and blue sky in Nevada
RE:this stock has a proven story in FG and blue sky in NevadaWe're down nearly $.20 from our early April average, and I'm starting to think that maybe a typical lowball offer is being readied by Norgold, or for that matter another potential aquirer. While the spot market has come down a touch, us losing 25%+ over the previous "average" range is noteworthy. A lot of times before the crappy takeout offer is released, the aquirer like to point to the 20 day average that the stock has been tradeing at to justify their bid. Trouble here is that for whatever combination of reasons, we've been undervalued to begin with, thus somebody stepping up now with a offer of $1.00 US, is selling us ice in the winter. I'm just using that number as an example, and have no insider knowledge of anything like that in the works, just say'in.........