Now, if I may be as so bold...as to say something about the company and what is happening in the general markets.
This feels an awful lot like 2008. I've heard many pundits say many things. From there is plenty of liquidy to it is a manipulated short scenario to shake the last of the longs from the tree.
I just don't know. Would be a nice time to be in cash, though.
Shares being bought by China Gold Group, however, are certainly a vote of confidence, in my opinion. That said, the company should just keep doing what they're doing. Keep producing, stay on task, keep the positive cash flow coming, and preserve as much cash as you can. When these markets bottom, use the cash to make some strategic acquisitions at a low price.
This company has absolutely everything going for it. Although I don't appreciate the lack of information on their many projects, it is just one criticism against many positive aspects of this company. Which is why I am on the long side.
Long and strong. Go CGG. Prove to the world and Wall Street that Chinese companies can be on the up and up. Shut them up once and for all.