Interesting morning with sell side drying up completely. CRK will soon be ripe for takeover in my opinion.
Interesting article this morning that talks about the subject of take overs:
Watch takeover merchants circle as majors seek gold
Companies like Newmont simply don't get involved with $12.5m floats -- until now, that is. Its participation may be a sign of the desperation of majors to get their hands on gold.
Once, they would have waited for a million or two ounces to be proved up before pouncing, but now they need to pre-empt any competitor beating them to anything.
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- 4m ounces of Gold
- $20m cash to last through just about anything
- Undervalued
- Director appointed who has made comments that he expects his job to be done in the next 12-18 months...I suspect it could be done in the next 6 months.
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- ripe for takeover - 4m ounces of gold
ripe for takeover - 4m ounces of gold
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