RE:An Easy Arbitrage Opportunity: The Next New GoldThe article is dumb, dumb, dumb, with Luxor group as the majority shareholders of CRK, selling out to a no nothing shell company of big names that have nothing until buy up good producing gold companies, and on the cheap at the bottom of the gold cycle right now.
That's a fools sale by Luxor Capital Group and violates Luxor's open letter to the minority shareholders of CRK in 2010 not to do harm to the minority shareholders' stake holding position in CRK without an agreement by the majority of the minority shareholders.
And remember when red about the last big gold cycle in the 1970s and how there was a lull and down slide in gold's price from 1976 to 1979 and then gold and gold stocks took off crazily.
That is what is happening now, but will be even more crazily higher gold prices and not just for one year like in 1980 but for many years to come as the world goes back on the gold standard or gold included in a basket of leading currencies, reversing Nixon getting the world off gold in 1971.
The propaganda about CRK's merger with NGN being good, isn't good, doesn't sound good on the surface and is much worse in reality under the surface, where CRK will be essentially turned private, which Luxor said it wouldn't do without a majority vote or minority shareholders. Why is the merger analogous to taking CRK private which Luxor said it wouldn't do without a majority of the minority shareholders approving? It's because CRK is being drowned in a holding company which will consist of a stable of companies (an increasing collection of companies) , where the overall shares of NGN will increase, but CRK's portion of them will shrink and keep on shrinking each time a merger happens (the first shrinkage of CRKs’ shares on merger with NGN will be to 1/5th).
1/5th everyone, by 1/5th !!!!!!!!!!
Bad deal, bad propaganda, bad Luxor for breaking open letter promise not to hurt CRK, CRK's shares and minority CRK shareholders' stake in the company.
Bad, bad, bad!!!!