GREY:CCZFF - Post by User
Comment by
Barbazanon Dec 14, 2009 11:26pm
451 Views
Post# 16587138
RE: RE: Depth
RE: RE: DepthTry to find another Canadian stock with a more attractive market depth - I agree it can change any given day - but we're truly drying up on the ask, for months now...40 million outstanding, approx 15 million and growing owned by insiders - you would have to think another 3 -5 million are owned by individuals close to insiders, leaving 20 million for us mortals.... if an average portfolio manager with 50 million to 200 million in assets took a 1-3% position - and there are a few that have done so - he/she'd be buying between 1 million to 3 million of that accessible 20 million...and at a near 1x book value and 4-6 times P/E we will get lots of looks in the new year - especially if nat gas becomes the go to energy source in North America...I wonder aloud why they do not consider taking the company private if it is indeed more lucrative to do so at these levels... or what they have planned - perhaps they chat with Zedi?... And Trader I think you're right in an earlier assessment re why we aren't trading higher - the acquisitions will have to play out on the balance sheet - haven't seen many of us post more about these acquisitions - would be good to get more info/guidance as to how it will indeed play out...