GREY:CNKEF - Post by User
Post by
DiveEstheron Feb 23, 2017 5:06pm
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Post# 25885606
In at 0.40
In at 0.40
Thanks to George98 for the informative posts... I've taken some time to read his and other posters information and initiated a long position, filled today at 0.40. I can see how the share price has deteriorated since the Craft spinoff. It would appear there is a direct correlation between the divesture of assets and the corresponding share price decline seen over the past few months. Having reviewed the company's financials, production, and land assets, I firmly beleive this is an undervalue play and a strong buy at 0.40. I tend to average into my positions, so have a bid in at 0.36 if it drops and will also buy at 0.44 if it rises. Near-term I don't see much share price appreciation, but I will take advantage of any volatility. I will re-evalute after seeing this quarters financials, but don't expect any surprises. Looking forward to a nice hold for big gains in 2017.