Post by
Skyman on Mar 16, 2016 5:16pm
Still Holding
I agree that we are tagged with SSO now. Maybe we could have spiked higher on our own. Who knows? I sold 10% at just over a buck and took a triple, so I'm not complaining. I had planned to sell another 10% at 1.50, because Claude is a small company putting up good numbers by mining a choice zone. Now, unless we are swept away by a white knight, our profits are "locked in" to a larger diversified producer. In the long term, this will be better for institutional holders. At this POG or higher, the junior miners can make tons of money!
Comment by
Live2ski on Mar 17, 2016 9:03am
Give the POG and latest drill results, would it not be prudent to let CRJ increase in value possibly above the SSO agreed upon offer? I could see where we could become attractive to others such as Barrik etc. if mgt. is set on looking for takeover bids with the potential of higher offers. JMHO.
Comment by
Highwired7 on Mar 17, 2016 9:18am
I don't know if it is possible, being that we are now tethered to SSO's share price. We certainly were tethered on the way down. Unfortunately I think any thing above the 1.65 would just be sold off.