A good read this one...I like this part of the article:"Then...

A good read this one...

I like this part of the article:

"Then there's Consegna's share register, which reads much like a who's who of the rich and famous.

The Virgin Islands-based Balam Group, which is backed by Russian oligarch Alisher Usmanov, owns more than 16 per cent of its shares, having made several on-market purchases, while Prince Michael of Kent owns a minor stake through one of his charities.

While theories abound about the Russian billionaire's interest in a small Australian biotechnology firm -- such as his country's stated ambition to turn the city of Skolkovo into the next Silicon Valley -- Pannuti is unaware of the investor's intentions."

http://www.theaustralian.com.au/business/companies/biotech-boss-pannuti-injects-common-sense/story-fn91v9q3-1226432238640

I remember that the Balam group bought their shares around 3 cents or higher. One wonders what a russian billionaire is doing in CGP's share register.

IMHO, CGP has some ways to go higher from present price levels.

Charts also look good as it points to a reversal having pierced the 50 day moving average.