Coburg Grp Share Discussion Threads

[double6] 05/2/2013 16:42

Flying!!

Take a look at SDC also. Another cash shell, capped at only £100k - less than 20% of the current CGG MC!

[knigel] 05/2/2013 13:54

Double6 which share did u mean thanks

[equitydealer007] 05/2/2013 13:28

Very nice opportunity here!

[bozzy_s] 01/2/2013 18:08

I'm impressed at how low the admin expenses are. £6,000 per month for a plc.

[knigel] 01/2/2013 16:22

I had a few more nibbles today... he he

[double6] 01/2/2013 13:14

.....every buy ... tick up!

[knigel] 01/2/2013 08:36

First buy. First tick up.

[tomboyb] 31/1/2013 21:17

Cash shell - If anyone remembers Knutsford - (it was crazy!)

Knutsford is a case in point. In 1999, shares in the Aim-traded cash shell rose from 4p to 240p after a group of rainmakers including Archie Norman, Nick Leslau and Nigel Wray joined its board.

Investors had hoped that Mr Norman, who led a recovery at Asda, would perform an encore on ailing retailers such as Marks and Spencer or J Sainsbury.

But when the dotcom bubble crashed, so did Knutsford's dreams.

[n3tleylucas] 31/1/2013 21:06

This could be a r/t, placing to buy EG ... EG into CGG ... change name to EGG

Cracking idea?

[tomboyb] 31/1/2013 21:02

If shareholders don't agree, risk of de-listing?

Unlikely - v unlikely. What would be the point?

[n3tleylucas] 31/1/2013 21:01

Sounds like they're trying to change investment policy rules so shares in Mark Parker's unlisted Equator Gold can be bought? Am I reading that correctly?
If shareholders don't agree, risk of de-listing?

[double6] 31/1/2013 20:51

As you said, it even fell beneath your radar today!!

Once other notice it and compare it to the likes of IPS and other shells which raised funds recently...

[knigel] 31/1/2013 20:48

I must admit I kept looking at IPS and thinking "it's gone up too far to invest" and it has just kept heading north. If CGG had a 50% one day increase there could be a mad rush to get in - and there is not much free float!!! I expect some trading tomorrow...

[knigel] 31/1/2013 20:46

LOL well as you say, stranger things have happen! This guy wouldn't buy in without expecting a return so interest may start to build here!

[double6] 31/1/2013 20:43

With Parker on board, his experience with AFE (and his involvement with Equator Gold) makes this an even more exciting opportunity.

Look at the like of IPS - raised funds at 0.25p .... currently trading at a 700% premium!!!!

So .. CGG .... trading at £4.50 in weeks ?!?!?!

[knigel] 31/1/2013 20:39

Double6, agree and glad to have invested hopefully right at the share price low. It's a shame about the spread but extra shares in issue might reduce it. Plus points include raising funds at a premium to current share price and possible reverse takeover action. I presume existing shareholders are unable to take part in the open offer? I might add a few more... GL

[knigel] 31/1/2013 20:33

Double6, I didn't even notice! LOL (I'll have a read now thanks)

[double6] 31/1/2013 20:32

Todays RNS seems to have gone unnoticed...



So we have another £100k being raised (at 60p), with investors including the renowned Bruce Rowan.

We already have Investments at £100k.

We have Mark Parker on board (ex-African Eagle, capped at £20mln), who is the main shareholder and Managing Director of Equator Gold, an unlisted exploration company focused on exploring for gold in the new state of Southern Sudan.

So for a company that will be capped at less than £300k once the funds are raised, we will have around £250k of Assets, as well as Mark Parker on board who could well be lining up CGG for a RTO of Equator Gold (?).

Whatever the score, this looks like a no-brainer when we've seen other Cash Shells raise funds and subsequently see their share price sore on speculation of investments / RTO's.

Interesting......

[double6] 29/1/2013 15:02

Ticking up on tiny buys.

Last Interim Report was in January 2012 ... could be an update any day ??

Will be interesting to see any update on the investments.....

[knigel] 28/1/2013 17:56

Well an update is due so keep watching

[n3tleylucas] 28/1/2013 17:20

So if 70% are tightly held ... there are just 123,000 shares regarded as free-float?

This is going to move bizarrely with any real trade! The spread is flippin' epic!

65/35 ... hmmm, lol ... stocks like this should be suspended for up to 1yr until they either get a reverse takeover or fund a proper business, it's a blind trap atm, gl.

[double6] 28/1/2013 14:58

Illiquid. Moved on a £100 trade. Under the radar cash shell, already holding African resource investments

[double6] 25/1/2013 15:16

Cash Shell - capped at £150k at present share price

Assets circa £150k .... natural resource investments plus cash ..... looking at African opportunities.

70% of shares tightly held.

Inetersting in the current climate and demand for natural resource cash shells.