CGX trading for one month is minor, about 1% of total CGX has traded 724K shares at an average price of 68 cents in the past month. . So PRE and the other shareholders are holders and possibly adding to positions. Oil is well priced and exploration oil plays get a big lift on success. CGX will have news and a plan in due course, it just doesn't happen as quickly as we would like.
Somebody mentioned CGX and Bre-x in the same post, which was truely amazing commentary and probably slanderous to PRE and CGX officers and directors plus management. Previous management had issues but they still carried this opportunity to drilling and had they hit, it would all be moot. One must be careful calling some folks crooks on these boards while hiding behind some screen name. It is very easy to expose the writer with expensive suits now.
The board is lamenting the drop in price but analysis shows, no big seller in the drop to these levels. Just lack of news and nervous folks hitting bids it appears to me. Once PRE quit buying, the price went down without support. That is the junior market today. No guts, no glory.