current comment on crescent gold

Hi guys and belivers in CRE in Down Under, I do!!!!

I translated that with a software for you and I hope you can read it!!! It is good repot about CRE!!!!!!




Current comment on Crescent gold 06.05.2008 Sven Olsson -

GOLDINVEST.de DAILY one - http://www.goldinvest.de

Sven Olsson - editor-in-chief GOLDINVEST.de

The current trend of prices with Crescent calls formally after a comment, which we supply gladly, even if there were surely more pleasing causes. We do not talk around the hot mash: The performance of Crescent is disappointing. More still: the course slide of the past days had courses of a panischen sellout. Like always in such cases rumors and many investors prosper place themselves the question: What is there the matter? Is there somewhat putrid? Partially adventurous conspiracy theories about the German bank and their dark machinations make the round, which weaken themselves because of their verqueren logic actually automatically. Nevertheless we want to advance toward such nonsense decided here. Crescent a healthy enterprise is fundamental.

The German bank is naturally invariably with more than 50 per cent the largest shareholder. In order to be exact: the buchverlust of the German bank, which invested with 0,38 AUD, is with approx.. 40 per cent. In Australian dollar that is expressed 48 millions AUD. Regardless of its the enterprise Crescent stands fundamentally properly there. Crescent has this yearly according to quarter report of the at the end of March 86 millions AUD cash. The gold mine gained 16 millions AUD, the enterprise in the quarter run off cost however 17 millions AUD. That is, became operational approx.. 1 million AUD burned, more not. Crescent approaches commercial, i.e. profitable production and this goal in all probability in the current quarter finally will achieve. It is certain disappointing that the starting time of the mine lasts so for a long time, but a reason to the panic is not it. The current course slide has to do also with the fundamental development only at the edge. Here dynamics of sales are guessed/advised in rolling, which probably already took its beginning months ago with the failure of an Australian broker.

Crescent unfortunately belongs into a row with other Australian enterprises, which have to suffer from the fact that the ANZ bank emergency-sells the Portfolios of its earlier subsidiary. We assume that these sales ran out in the meantime. Because it was remarkable that the Crescent share moved downward until recently with comparatively small volumes. That states by the way also something over the principal shareholders: They still sit on their pieces and do not sell not - or if nevertheless, as in the case Dundee Precious Metals do, then them it by block trade to other institutions. For the current pressure on the share there is probably a further, rather technical reason: 9 million options (in the equivalent of approximately 1 million AUD) with expiration date August 2008 are gradually exercised and troepfeln in the form of shares into the market. The salesman releases at present straight still another profit of 0,03 AUD.

The damage stands in no relationship: Zig millions at stock exchange value are destroyed by the sales first of all, because the market is not very ready for input in view of the generally bad stock exchanges (too illiquide) and secondly because - and we come here to the crucial point - in the meantime a German private investor it with the fear to do gotten and to lowest prices sells. Still another another question employs many shareholders: When will Crescent page the uranium activities out into a separate society? Since a half year the Spinn off is announced by Uranium west, but separating takes time.

In addition it can be said that the splitting off will come and must come - nevertheless Crescent spends this year still 6 millions AUD on the uranium exploration, which is not located nevertheless at all in the focus. The Prozedere for splitting off began and it is only technical questions to be clarified. The Spinn off comes thus and also never stood in question. The impulse Crescent to selling is surely understandable now, however we prefer another logic. The stock exchange value of Crescent shrank meanwhile on lean 135 millions AUD. Straight still somewhat less than 50 millions AUD at evaluation remain less the cash for the entire mine including infrastructure. That is, as we already in other place said, less than the replacement value. If Crescent would stop its enterprise tomorrow, it could release more than this amount with security from the sales of its plants. Also we do not know, where the Crescentkurs will turn. One never gets tiefpunkte.

But we mean that we can be no longer far removed from the soil. We recommend to use the current courses in order to reduce in price. Courage requires and is probably the felt opposite its that one would like to do gladly - however it is probably in the present situation the most rational alternative. It lasts for a long time to develop confidence. Playful confidence is fast against it. Crescent composed itself over years a outstanding call and a solid basis at investors in Germany - it would unfortunate be, if itself that now - still in addition of the wrong reasons - to change should. Load but emergency leases is again referred to it: Crescent has to look for the mandate suitable acquisition goals by the money of the German bank.

We are convinced that Crescent with its strong cash position can use the situation to its favour. The goal remains a substanzielle society with rather 200,000 as 100,000 ounces annual production.




I hope it was not too Bad!!!!

Greatings from Germany