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Auf Anfrage wegen heutiger Kursbewegungen an CCE kommt folgendes im Detail retour:
No – absolutely not. There was only a news release on Friday which said that we were divesting ourselves of the remaining 25% ownership of a property that we never talk about – the Carbo claims in BC.
To be brutally honest, we believe that the Ashram is fantastic and that the Carbo claims are just not as interesting to us now or historically and that is why we had originally joint ventured out 75% of the project and why we have now divested ourselves of the remaining 25% ownership for 8 million shares in the company that is now the sole owner Canadian International.
Of course we wish them well with the project and we do also retain a 2% royalty on the project and so there is still upside from our position but as money does not grow on trees and because things are so incredibly exciting at the Ashram, we decided to focus our capital on our two main world class projects.
As well, in terms of the trading today I think it was just a stop loss seller from anonymous who sold 280,000 shares straight into the bid – computer most likely – because who would logically sell like that? I mean really, did they get the best price for their shares? Absolutely not.
In the big scheme of things even right now at $0.36, CCE is down about 25% over the last week of trading, where for example Avalon and Quest are down just over 30% on the week. The other difference is that they were hit much harder last week and we were hit hard really just today – and I know I was beginning to think that we were not going to see the same kind of sell off , but then it happened, which again makes me think that this was just a stop loss situation.
Best regards,
Chris Grove
No – absolutely not. There was only a news release on Friday which said that we were divesting ourselves of the remaining 25% ownership of a property that we never talk about – the Carbo claims in BC.
To be brutally honest, we believe that the Ashram is fantastic and that the Carbo claims are just not as interesting to us now or historically and that is why we had originally joint ventured out 75% of the project and why we have now divested ourselves of the remaining 25% ownership for 8 million shares in the company that is now the sole owner Canadian International.
Of course we wish them well with the project and we do also retain a 2% royalty on the project and so there is still upside from our position but as money does not grow on trees and because things are so incredibly exciting at the Ashram, we decided to focus our capital on our two main world class projects.
As well, in terms of the trading today I think it was just a stop loss seller from anonymous who sold 280,000 shares straight into the bid – computer most likely – because who would logically sell like that? I mean really, did they get the best price for their shares? Absolutely not.
In the big scheme of things even right now at $0.36, CCE is down about 25% over the last week of trading, where for example Avalon and Quest are down just over 30% on the week. The other difference is that they were hit much harder last week and we were hit hard really just today – and I know I was beginning to think that we were not going to see the same kind of sell off , but then it happened, which again makes me think that this was just a stop loss situation.
Best regards,
Chris Grove
