Re share priceI may have told this story once before ...but its worth repeating..Back in the 80s if anyone remembers Hemlow gold ...it was made up of two companies that merged Golden Sceptore and Goliath ....There was a court case over ownership that was taken illegally on a nearby property..In the court transcripts the company i believe it was Golden Sceptore at what date did they know they had discovered enough gold to warrant a mine..
Cant remember exact date but when you checked back to that date the share price was around 2.00 and they kept it in that range for months...knowing it was worth much much more....Well when news started to leak they ran the stock price to 15.00 ...and within weeks drove it down under 6.00..I remember shareholdersI who owned the stock thought the sky was falling and sold quicker than you could say Boo....Well from then it proceeded to go straight to $30.00 and more...One of the biggest gold mines in Canada...
The bigger the play ...the bigger the fluctuations..
Now I agree Wcp this was a bit over done...but thats the mm,s...They want Your Shares...
I am a long term shareholder and don't know that I have a love affair with Cgx...I just had faith that there was oil off Guyana coast and that faith greatly increased after Lisa...Ask yourself why would Fronterra accumulate almost 80% of shares of Cgx...What good are those shares to them if Cgx folds....I assume they have much more information than you and I ...As far as Cgx caring about minority shareholders...please how many companies care for minority shareholders...
Go as ask Apa shareholders on that bogus News release prior to Maka....All I can say is that whoever is left standing when this play is all said and done Deserves every F...cking Penny...GLTA