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Connacher Oil & Gas Ltd CLLZF

"Connacher Oil and Gas Ltd is an oil company engaged in the exploration and development, production and marketing of bitumen. Connacher holds two producing projects at Great Divide are known as Pod One and Algar."


GREY:CLLZF - Post by User

Bullboard Posts
Post by syl3993on Dec 21, 2006 1:44pm
308 Views
Post# 11906604

How long will it take...

How long will it take...for the market to work it's way through 64,000,000 shares? That's how many shares CLL has issued this year to pay for Luke, Montana refinery, POD1 etc... I'm not cutting the company for doing this, on the contrary I applaude them for pulling it off. It's how these projects come about. How else would they get the $$$ to bring POD 1 into production. What I want to know is how long will it take for the market to absorb the 64,000,000 shares. Also would like an explanation on how these shares make there way into the market. Thanks in advance....
Bullboard Posts