GREY:CLGRF - Post by User
Comment by
jimrockfordon Jun 14, 2012 5:15pm
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Post# 20015727
RE: RE: CRJ's 30% of Pine Lake East near 43-101!
RE: RE: CRJ's 30% of Pine Lake East near 43-101! As stated, getting cash isn't a problem for SEI. Re the Pine Lake East, a few points re CRJ and their interest:
- CRJ has 30% of Pine Lake East. That is a significant portion.
- SEI trades at a nickel and has a market cap of only $1.32 million. Even at 10 times todays' SP, it is nothing for CRJ to take over the 70% it doesn't own.
- Like a lot of gold plays, the lower CRJ goes, the more it may be ripe for a takeover. It makes sense that any group coming in would want both CRJ and SEI. Just look at the map!
Cheers to CRJ and SEI!
Jim