Share price is trying its best to go north (& our 1.5M seller was gone today as well).
Picked this up from other share I hold, with CGG mentioned in the bottom line.
..."Meantime, Williams expects Chinese buyers to view any downturn in commodity prices this year as a prime opportunity to pick-off Australian quality assets at discounted prices. Even though the global recovery may not be as conclusive as initially envisaged, it remains game-on for M&A activity, says Williams. Iluka Resources (ILU) Whitehaven Coal (WHC) and Citadel Resources (CGG) likely to attract potential acquirers this year..."
Anybody know of any possible suitors. I'm happy to listen to gossip.
http://thebull.com.au/articles_detail.php?id=8745
CGG Price at posting:
39.6¢ Sentiment: Hold Disclosure: Held