Well, considering the difficulties that CGX has had to get anything done towards drilling, I think a SP pop is in order! But I have zero experience in this area. But people watching CGX will probably get somewhat excited because there has been no announcement about Jaguar and they have had the rig for 2 months with a supposed initial spud date on Dec 14th. They may well have spudded Jaguar and have not been able to do a press release but not even rumours.

So, I like the 10% pop. But I agree, traders beware. I think a junior like CGX with no other activity (ie no current wells, etc) can get crazy really quick and you could easily be caught out.

On a similar note, does anyone have predictions of what will happen with the SP as the 60 days pass. Will the SP climb as we get closer or will it stand still until rumours leak out once drilling is completed.