Looking at my CRK early today I could have come to the conclusion that they were going down even further. I just shrugged my shoulders and went gardening, planting rare rainforest trees I had come across at Bangalow market and digging out the damned privet and camphor laurel seedlings which are ubiquitous.
It was a beautiful day out there. The sound of the rainforest pigeons interspersed with eastern whip birds calling to their mates and the honeyeaters chattering to each other drowned out any negative thoughts I may have had about where the shares were going. I came back at five, had a cup of tea and went to attend to correspondence and saw they had risen in after hours buying.
What was more interesting was that the number of sellers had shrunk. There was only a handful of them and I know one of them. There were actually more buyers than sellers. If someone were to suddenly want to buy a hundred thousand, the share price would move straight to $1.65, which of course is still only a fraction of their true value.
Did you see what the new Encounter discovery did to AVO shares today? And they only have a 20% share.
Things are hotting up out west in a big way. The figures are mind numbing.
I suspect that the ever patient CRK shareholders can look forward to some quite interesting events in the second half of this year. I said to this friend who is selling "I hope you won't be kicking yourself in a few weeks". He's sanguine enough about it and switching to where he thinks he can get more action.I do hope he's right. Having come through the hard times he won't benefit from the better times, at least with CRK. That's life.
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