re: appoints administrators. There is one thing that holders can be happy about.
Vince Smith and Bryan Hughes are guns when it comes to dealing with this type of situation, they have a very good strike rate in salvaging administration situations, so if it can be done they will do it.
I guess on the downside, they are probably the most expensive guys going around in this game.
I didn't really follow CRS much but I understand they held the Davyhurst tenement. In about 97 I lost a bit of dosh on a company called Consolidated Gold who at that stage owned Davyhurst. That along with the tenement they got from melita Mining when they took them over proved to both be very high cost mines (hence why they went down the toilet people).
Theres a lesson for you DO NOT buy shares in the next company that ends up with the Davyhurst tenement......
MC
re: appoints administrators. There is one thing that holders can...
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