Plext,- It was a good move for CGP to put out the notice it seems to have halted the decline of CGP at least overnight in fact a gain of 11.36 %. SOLG might have done the same for the same result??
Reading the SOLG blog for the LSE it appears that the chartists on SOLG blog have been suggesting a bottom of .0.24 -0.245 and last night they think a little more volume is coming back to the market so are expecting a bottom and rally to occur. SOLG on the TSX was up a couple of cents breaking the cycle maybe.
The fundamentals have not changed for Cascabel and even some keen holders starting to predict the Resource
any where between 1.2 and 2 billion tonnes. Wishful thinking when the share price has lost 33% in 2 weeks but I think I read NM saying Alpala resource would be over a Billion tonnes.
The tree has been shaken and a lot have fallen out but LTH will no doubt hang in. There might be a lot of defectors wish they had stayed the course when it got tough as I mentioned the fundamentals remain.
There is also talk of an offer for Alpala by a consortium of 3 in the wind?? Who knows. Thats why we are all invested here. Who knows what might happen next.
moureeses8
CGP breaks through
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