Those that have access to full broker service, ask your client adviser to look into who is selling, but more importantly who is doing the buying.
JP Morgan is selling (no surprises there)
But i am led to believe there is one entity mopping these shares up, anyone with access confirm this?
Ian Burston resigned from CRK and CNK. Interestingly buy side thickened up yesterday (still too early to tell)
I think a well credential CEO is the next step, this is a slow turnaround at best. Minimal downside risk at 0.34 considering the current cash position.
Also the hang up with 3mil oz resource, but i now look at this on the basis of assuming 30% is converted to reserves would i still stay invested?
And the answer is yes, as anything above 30% is all upside.
Those who can get the BGF report should do so.
CRK Price at posting:
32.2¢ Sentiment: LT Buy Disclosure: Held
