Crosby Asset. Share Discussion Threads

[jojo_jo] 28/4/2011 10:04

The more short-sellers the better as far as I'm concerned. There's no upper limit to where this could go, and it could easily jump to 30p+ within a few months - even more when we get some investment news.
Note that Abramovich Sr. has decided to continue on as a local MP for Chukotka.


Reminder of salient points from Abramovich's (ARA) stake purchase RNS the other day...

ARA's strategic investment is designed to further advance the process of identifying suitable acquisition opportunities for Crosby in order to allow the Company to fulfil its previously announced investing strategy of acquiring holdings in the natural resources sector.
Robert Owen, Chairman of Crosby, commented:
"The Board of Crosby is pleased to welcome Arkadiy Abramovich as a new substantial shareholder in Crosby Asset Management. The Company will continue to assess potential opportunities within its investing strategy, and the Board continues to focus its activities in the natural resources sector, leveraging the experience and relationships of the Board and the Company's strategic investors. The Board will update shareholders of its progress in due course."

[quraishim] 28/4/2011 09:57

When is the AGM??? It looks like resource injection will be the highlight!!!
A lot of mileage here in my opinion...EK does not realise the Directors are running CSB not a investor...!!! stupid fat pr@ck

[lukic] 28/4/2011 09:38

Littlemadman - here is the extract from EK's diaries:

Today on UK-Analyst.com we bring you an exclusive extract from the diaries of legendary bear raider Evil Knievil, taken from his popular thrice-weekly column only on t1ps.com.

18th April 2011

Readers may recall my scepticism as to the ruling value of Crosby Asset Management (CSB), then 7p or so. The stock drifted. But you have to hand it to the incumbent management, principally John McKeon who has sold 25% of this shell to Arkadiy Abramovich, just 20 years old. The clear hint is that Roman will give his son a leg up and soon - at which point all current valuations fall by the wayside - or so the supposition goes.

However, I doubt Dad is Mad. Further, I think this is Fun for Son if not for some. So I have shorted Crosby at 5p. Remember: Arkadiy is off to university in the USA in a few months' time. Notwithstanding the lad's provenance it is hard to run an oil concern in those circumstances.

[cybercity.] 28/4/2011 09:32

The name change is but the start

[littlemadam] 28/4/2011 09:31

lukic, ta I was just about to ask who said he/she was shorting this. 5p? no way methinks. Just wish I had kept buying under 7.5p as we may not see that again. Still, happy with what is for me a decent holding, about 20% of a modest portfolio.

[quraishim] 28/4/2011 09:29

this ready for launch....now its all pointing that the new investors are making this a resource vehicle and this will move fast...

[lukic] 28/4/2011 09:20

what's even better is that Evil Kneivel shorted CSB (at 5p) and told his sheep (sorry followers) and it's now back on the up. They will all have to buy back soon to cut their losses - nice ;-)

[lukic] 28/4/2011 09:10

Just doing up my seat belt ready for the ride :-)

[jojo_jo] 28/4/2011 08:55

Looks like a pretty clear signal that they intend investing predominantly in Eastern Block and former Soviet Union assets where the Abramovich name carries a lot of weight. A few very undervalued assets are probably already lined up, so there'll be some major share price movement soon imho.
Oops, taking off already it seems.

[alpha534u] 28/4/2011 08:41

Zoltav a chess player......

[jojo_jo] 28/4/2011 08:38

But this is ZOLTAV. Clearly Eastern Block but apparently meaningless.

[patboy] 28/4/2011 08:35

Fellow "wordies", the name Zoltan is the Hungarian form of Sultan. It is the remnant of the Turkish occupation of Hungary.

[yet another final] 28/4/2011 07:56

indeed comrade.......dosvidanya

[lukic] 28/4/2011 07:37

the new name sounds very Russian ;-)

[tomboyb] 28/4/2011 07:29

Morning chaps.

TIDMCSB

RNS Number : 5889F

Crosby Asset Management Inc

28 April 2011

28 April 2011

CROSBY ASSET MANAGEMENT INC

("Crosby" or the "Company")

Change of Name

The Board of Directors of Crosby wishes to inform shareholders of its intention to change the name of the Company to Zoltav Resources Inc.

The necessary resolutions will be proposed for shareholder approval in the upcoming annual general meeting of Company, details of which will be issued shortly.

For further information, please contact:

Crosby Asset Management Limited

Trevor Wells / Waseem Shiraz [phone]

Strand Hanson Limited

[t 34] 27/4/2011 21:26

so up tomorrow??

[theshareguru] 27/4/2011 19:23

9.5m means 2,5% mms have on board from yesterday's dealings from warrants
where will they go either;-
1. Some one is wanting a stake
2. mms no news is comming and they need plenty to sell at hefty premium
my guess is the second, but anyone any ideas

[cybercity.] 27/4/2011 16:51

Substantial news coming soon

[lukic] 27/4/2011 16:30

well if you're going to finish down on the day, 0.25p isnt too bad :-)

[bingowing] 27/4/2011 14:03

waldof.

on my sons life, im not wanting back in to this share. Im making a point a valid point too.

good luck.

[spurberry] 27/4/2011 13:52

how many shares in free float?

[lukic] 27/4/2011 13:09

Jojo - I'm guessing to infinity and beyond ;-)