RE:RE:DirkTaal, cgx was around the $4.20cdn mark when the the duster news leaked and the pr came out days later confirming the duster.
Imho, i think there are many reasons the share price is where it is and not taken off like the last lead up to drilling.
- here is a junior oil & gas exploration company with ZERO revenue having no business being where they r at this point in time. (probably right but to me that just speaks to how strong the government ties are!)
- cgx/DeAlba waited until the last minute to show us how they will fund drilling.....with the rights offering....that contributed to the drag on the stock price.
- past mangement has been TERRIBLE
- we have a CFO that sells her shares at the worst possible time.....good reason or no, optics are TERRIBLE
- we have JDC selling a ton of shares because, from all information they are going bankrupt
All these points plus maybe a few others i have missed explains why the share price is where it is.....but.....it also tells me that if/when Kawa results are known (leaked ahead of time or announced), we will have a spike up in price because of the current pressures keeping it down.
It all shakes out in the coming 2-3 weeks.......this 2nd well information (accidently slipped out or not) i think is great news.......i think these guys, DeAlba & co know we have great news with Kawa coming and a 2nd well just miles away will be even greater news or else why would they for go drilling on the other license, risking losing it, to drill a 2nd well near Kawa? GLTA