RE: RE: CGX-- SHARE PRICENevermind what Greenspan said about irrational exuberance. The fact is CGX's concessions alone are worth as much or more than our market cap, especially with the 2D & 3D seismic completed. Just look at other countries in S. America and Africa and see what they are fetching at oil block auctions.
There will be plenty of volatility with this stock and the markets in general. Remember last year when this stock was trading around $3 and Sully introduced the Shareholders Rights Plan, and he did that because in his own words "The share price is SIGNIFICANTLY UNDERVALUED" and a potential takeover target.
I personally prefer slow steady gains. The fact is that many people have been waiting on the sidelines watching one of the most exciting venture plays with enourmous potential and you can't blame them for getting a little excited. $1.19? Irrational? Nah, don't think so.
GLTA