I suppose it is all about finding the right leverage. Now they have shells with $6.5m cash, $14.5m cash and $40m cash. They have all the bases covered.
CR1 is a really clean/tight company...as far as I can see invented from thin air. No doubt this will get a deal whilst the others sit and wait. I often wonder with ODY whether they are trying to shake someone out. Argonaut sold their remaining shares leading up to the end of financial year. Not a great sign. I see there is still some UK fund with just under 10%. I wonder how Middlemas's relationship is with this crowd. They have been hanging in there for a long time....longer than me!!
CR1 Price at posting:
32.0¢ Sentiment: None Disclosure: Not Held
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