OTCPK:CRZNF - Post by User
Comment by
roadside26on Aug 29, 2013 2:35pm
251 Views
Post# 21707084
RE:FWIW
RE:FWIWNo, the transactions were about a week ago. They were spit evenly on Wednesday 21st and Friday 23rd.
I can't believe the responses from some of you posters. Some of you are soooo emotional.
John MacPherson is 70 years old and has done this in the past. And as another poster mentioned, the share price went up soon after.
He could have many reasons for doing so, least among them lead to "conspiracy theories."
There are millions of shares outstanding and there has since not been any recent major selling, except among the weak hands.
If you read a recent post carefully, nobody is expecting the approval at the end of September, it's just that that is when the maximum 60 days is up.
Approval can come any day, even on a Friday as you'll recall that the last major EA approval happened after the close on a Friday - good news for the following Monday.
There is no reason to believe that the approval is not coming soon. Every government, First Nations and the MVLW board itself is recommending approval.
After legal permitting, institutions can jump on board for this high-grade, near term and low CAPEX mine.
As far as take-over, there are many possible suitors besides Teck.
There are a lot of positives coming quickly.