Have been holding this one for quite a while, would have to say that it has been frustrating as it was initially purchased due to the quality of the register and the hope of a high quality acquisition with a team running the show having a track record of providing serious share holder value.
Hopefully the potential of a company making acquisition still exists but that is not the only game in town now for CR1 holders. With the recent LEG discovery the fraser range is hot and we see a number of companies like FRN currently drilling or other companies preparing to drill in the region. With our current low Market cap any significant results from any of the companies in robbo24s chart will surely have a positive flow on effect to CR1.
Throw in the fact that we are currently in the process of getting the required approvals to start our own drill campaign to test 10 high priority targets targets in the fraser range and you get the makings of a limited down side and maximum upside opportunity. Im holding tight as i feel the period of inactivity is coming to an end and shareholders can look forward to some exciting times ahead.
Lets hope our patience pays off. Good luck to all of us
CR1 Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
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