The $50k Challenge Update 4 – 13th August 2019
Stock Code: CR1
Shares Purchased: 41,666
Share Price: 0.24
Reason for Buying:
1) Directors and deal makers have significant holdings
2) Low market Capitalisation and Enterprise Value
3) Potential acquisitions across multiple resource sectors
4) No cash or equity raising requirements in the near future
5) Deal makers have had huge success in the past taking some of their shells over $1b market Cap
Risks:
1) Opportunity cost of waiting for the acquisition to come in
2) At the moment resources are firing but will need to keep on eye on this while the acquisition search is underway
Please remember all content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.