j p morgan is the seller, page-4

I am guessing JPM wanted to scalp a profit on the PFS results being released early March - on the disappointment sold off some of their holding.

What it has created is a great opportunity to get a great asset at a great price, with cash backing as large as CRK - Warren Buffett is surely looking at making an investment!!!!!

I hope they are JPM are pressuring mgt (by threatening further selling) into accelarating PR campaign as the BGF analysis states..Seems like they wanted to make a statement by selling, as a buyer could have easily been found to cross the whole amount at a higher price particularly as the placement had just been done at $1 and oversubscribed..

Theres no doubt this stock should be $1 now and $2+ next year gold price being the same. On the flip slide it shows how easily CRK could get on the radar for a takeover 1.7mil shares sold pushes the stock down 25%. If JPM wanted to line up a takeover (for a client) shows the power over CRK they have imagine what selling 5mil shares could do...A suitor could get a good swag of the company for $1.50 at the moment...I feel