RE:Any sellers care to tell us why?
Part of it is due to KDX being up around 50% in 3 months. The other piece has to do with relative performance of the other jr's. They are still at rock bottom prices. Maybe there's a trade out of winners into these lower quality jrs to try and get ahead of the bid. Another factor is risk curve. There are plenty of really high quality projects out there that were sold into the dirt. You can catch 20 to 30% in some of these.
I want to know where the 43-101 is?