CRK 0.00% 26.5¢ carrick gold limited

ripe for takeover - 4m ounces of gold, page-52

  1. 1,544 Posts.
    lok01, you may be right. I must say I am surprised at the rapidity of the move but always thought it was a possibility. I started buying back in earnest at 35.5 and am almost back to my full quota (being somewhat conservative!). I even bought some today at 55c.
    I often light a wood fire in our slow burner and am amused to see how long it takes to get going sometimes, from the paper to the small twigs, larger twigs and then the large logs, but once it gets going there's no stopping it and it roars. Carrick is a bit like that. The fire is feeding the fire.
    The reality is that CRK shares were always worth a heck of a lot more than 35c. We know they are actually worth $2 or more. It was just that the market at the time didn't recognise that value. This revaluation may have some way to go yet. It would seem logical that the market would price them at at least half their value, that is one dollar a share, but then we do know from bitter experience that the market is so utterly illogical!
 
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