CRK 0.00% 26.5¢ carrick gold limited

j p morgan is the seller, page-50

  1. 125 Posts.
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    I think everyone is thinking too much in the price movements, its simply that JP Morgan wants to reduce its exposure and given the stocks liquidity their sell orders keep depressing the price down. They arent manipulating the market depth because their transaction summary has been all SELLs and there has been no BUYs in there since a while.
    The unknown is how much of their stake they dont want, and maybe they want to dump the whole lot?. No one know but it is stupid to try and get off a large parcel by going to market instead of a pre-arranged off market cross.
    Im sure in the end Frank shall rest well knowing hopefully people will take care of his company. Frank always invests in companies that he is involved in, i guess its a show of faith, but whether it comes to fruition is another story.
    But in order for this to really take off is when and if the mining tax get canned or gets watered down. Its hard to attract offshore interest into Australia at the moment given uncertainty.
 
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