Hi Kiwi
Take it for a lesson, not all falling stocks bounce back and adjust your investment strategy.
Some get wiped out and this one may or may not finish this way.
The well from oil was flowing must be worth something and they do not have urgent bills for payment yet.
If I recall well, before CR SP was 0.9 0r 0.8 c.
They did not need such a deep discount but made it deliberately for the shortfall to be attractive for somebody with deep pocket. They have few shares in stake themselves and even for them it will be better to be kicked out by whoever takes the shortfall and regain the value of their shares.
But if you think they go under than 0.3 is better than ZERO.
PRL Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
