A Multi-bagger if ever there was one!!! once this hits the papers, see it double.. treble...see announcement

Paul - is the interest any more repatriable than the principal? Agree with the arithmetic, but it's got such a dodgy history. As Bosley said, if it looks to good to be true . . . .

sd

SD Hi,

The interest is acumulating now, and when the money is extracated from Brazil, the interest earned will come too.

We will se how 'good to be true' it is, when the money is exchanged for assets outside Brazil, and the price rises to somewhere near 2 or more.

I will wait this one out, rather than miss out, because a suspension and rerating are on the cards, if the price don't move when the money is out of Brazil.

Cheers,
PM

what do you mean by suspension on the cards,is this why people are selling to keep there money in tact and buy back in later when the news does arrive.

Once they get confirmation that they can withdraw the money, the shares would go through the roof and I think what Paul means is that the shares may get suspended as is often the case where the value of the co.is so highly effected by turn of events. The shares would then resume trading but at a much higher amount.

ive dumped mine......made 9.98 after expenses. had i waited another day id be sitting on a loss of 450. the old ticker cant handle this kind of share.

ateeq Hi,

Rob is correct, but there is also the very high probability, that if the price does not go through the roof, Crown Corp will ask for the shares to be suspended, and request a rerating, after which they will resume trading at a much higher value.

You can tell from the AGM statement, that the directors want the true value of the Brazil cash reflected in the S.P, and a rerating will do that, if the news does not :)

Cheers,
PM

as a matter of interest, suppose i took out a T10 tomorrow and the shares were subsequently suspended. where would i stand wrt settlement?

WHY ARE WE ALL THINKING ABOUT SUSPENSION,LETS HOPE EVERY THING IS CRYSTAL CLEAR WITHOUT THAT WITH A GOOD RNS.

LOL !

nm

robstuff - have followed your comments on other threads and noticed you were in on CCO so just had to look into it. I nearly jumped in at over 1 seeing the price rise quickly recently and glad I waited, have bought today as I believe there won't be much more profit taking, interestingly the drop has not been proportional to volume of sells compared to the rises seen earlier. Even if you factor in the fact that the cash is not as liquid as say in a British bank a/c, this is an investment co that invests in South America and the company is not going to leave it standing in cash forever, I understand the Brazilian govt is not opposed to the withdrawal to invest elsewhere anyway so the share price should not be low for ever. The management seem to me to be extraordinary negotiators and deal makers so it will be interesting to see what happens next. Either way, asset swaps or interest on cash deposit, the risk seems well worth it.

Hi iamole, I think you've timed it well, the mms reduce the price which after a steep rally, brings out the sellers and for a while it's a snowball effect but mms know they can raise the price and attract the buyers in the same way whilst there is still a lot of interest, and therefore they make a lot of money. It's just a game and you see it in every share, once they have accumulated a load of stock, up goes the price gain and if that coincides with an announement or some favourable press articles, there's a killing to be made, I am predicting the price to jump back above 1 within 3 weeks. I have already topped up although at higher price than you.

who are all the sellers, why do they bother? or have we been sold a pup? I don't think the directors put out the news of the deposit in order for them to bale out. (although i've had that at the back of my mind) It would be good to get an update to curb the selling.

Rob Hi,

I guess the company can't put out news until they have something worth putting out. I sent them a Brazillian company for them to look into for investment, but the way they will look into every possible investment, and do all the due dilligence, it could be a while before they swap the cash for assets (months rather than weeks or years !)

Sit tight, that's what I am doing, as the value is there, and it's a lot higher than what I paid for the stock :)

Cheers,
PM

Hi Rob

Not all sells .... Know of one buy @ 59p

Robstuff dont believe all you see ie boys/sells, i bought 10k at 61p and it showed as a sell so maybe alot of so called sells are in fact buys.

Yeah - i bought in today after taking my profits from YOO (bought at 4.2p) and my buy showed as a sell

Maybe we've hit bottom then, look forward to the swing back up to half realistic level

im not convinced.....there is no such thing as free money....is there? been sitting with a buy set up for over a week. WAITING.

Rod Hi,

It's not 'free money' it's part of a deal, which has been settled by the cash depostit in Brazil.

Cheers,
PM