CRK carrick gold limited

jp morgan buy 2 million shares in carrick

  1. 1,544 Posts.
    Interesting to see that JP Morgan Asset Management UK have bought 2,157,000 shares in CRK since October 15th last year. They have upped their holding to 8.2%. They sold a million before that and helped to reduce the share price to 59c. They bought 664,688 in April this year alone. They have bought carefully and haven't increased the share price as a result. I wonder what their eventual aim is. It is also interesting that they have been active for all this time and only just made the announcement. I wonder what prompted that now.
    JPMAM(UK) obviously think Carrick is a worthwhile investment. One has to look at this in context of a very tight capital market. They don't have money to throw around nor throw away. They have chosen Carrick above other possible investments
    This is a very big vote of confidence in Carrick and Frank Carr.
    This should give investors pause to think. If JP Morgan think Carrick is good enough to invest in then so should we surely. My own reaction is I want to rush out and buy more shares!
 
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