well as the share swop has not yet taken place you are making a prediction - yes?
There will be some that only bought CRGC for the arbitrage but a lot of longs (like me) just couldn't resist the discount to go long PGLC. I don't predict any reaction to the swop event as there has been liquidity in both CRGC and PGLC over recent months. Swoping the shares is non dilutive so that's not an issue. Getting the swop donw will move PGLC forward to a full listing - and that is very good news.
Sentiment: Strong Buy
the CRGC shareholders were never vested in PGLC and based on CRGC history find the PGLC share swop a boon and a great exit to their original investment in CRGC in the first place, Everyone else was playing the arbitrage. i'm trying to understand some of the psychology of the market here with the swap and I suspect every CRGC shareholder is going to sell their shares and get out that they are done with miners. CRGC share price was always supported by the inherent value of PGLC shares. with that many shares all flooding the market previous predictions of lows are off the table I'm hoping emphasis on hope, the new floor stabilizes at .40 GLTA the cash out and buy back in crowd in only likely to exacerbate the problem. strong stomachs are in order and it must be kept in mind all the inherent reasons to stay long on this stock are still in play 2014 should provide some handsome rewards a dollar share price is still in the cards just farther out ;-)