Yes very shocking news. I was quite dumbfounded when I heard this morning.
Knowing Frank was a very private person, I think he kept his illness to himself but organised a few changes to the board back in May when perhaps he was diagnosed. Ian was obviously an obvious choice to follow Frank as chairman and his daughter now moves onto the board as a director.
I am not sure there will be a large shift in strategy nor any real move by the family to offer his stock as a trade sale. Frank would have left his plans for what he wanted to achieve and I suspect it will be business as usual prior to the results of the feasibility study.
I am very interested to see how this plays out but disappointed that Frank won't be there to cross the line. He was a tough bugger, told you to bugger off if you didn't like the way he was doing things but always an optimist with CRK's potential.
I was lucky enough to get a site visit a few years ago with another investor. Frank and Bevan took us around all the projects and then back to the pub for a few beers. A very interesting trip and opportunity to spend some time learning from a great entrepreneur. RIP.
rr
CRK Price at posting:
48.3¢ Sentiment: Buy Disclosure: Held
