RE: RE: CRJ has been a penny stock for 6 months "Rumor has it that Primero Mining has demonstrated some interest in Claude."
Lookin,
Without doubt, CRJ's weakened state renders it a prime takeover candidate imo. Especially when Seabee upgrades and expansion efforts are just now going to take hold. But when has CRJ not been mentioned as a possible takeover candidate?
Your mention of Primero Mining is an interesting one. With $126M cash and 32% ownership by GG, Primero could very well emerge as a back door play by GG. Especially when the GEO's of both GG and CRJ have indicated similar mineralization in regards to Madsen.
To close, I do not think anything will happen takeover wise til such time Madsen renders CRJ a takeover target. IMO, the upcomming Madsen results will be key and aside from waiting on said results, I think it unclear what those results will reveal.