CGG 0.00% 53.0¢ citadel resource group limited

eqn takeover, page-5

  1. 349 Posts.
    Big shame. At current copper prices they are getting CGG for about 4 times cash flow from JS alone. Cheap, very good deal for EQN. Our only hope for more $ is another offer or the additon of a second mine and exploration prospects makes EQN even more attractive to institutions and helps boost it's share price.
    I was hoping for a bidding war as i think they were always going to get snapped up by someone especially when they got 100%.. Actually i think any decent new junior copper producer will get snapped up once they clear all the hurdles.

    I mean what is going on with OZL? I thought they were looking for 50kt/a projects to add. bizzare that they are not interested..
 
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