CRK 0.00% 26.5¢ carrick gold limited

4.2moz gold $24m in the bank all for $63m, page-6

  1. 239 Posts.
    Interesting YT my research came down to 4 companies BDG and CRK included and I decided on CRK for all the reasons you state. And I excluded companies with overseas exploration as political risk is too great for me - particularly with African gold miners (indications like Barrick floating its African gold assets in all the hype there confirm my view of Africa - you never know politically what could happen)

    Well done for doing this analysis now and not when CRK was in the 80c range when I did. I did average in but still have an average of 62c.

    CRK on some days is more than 25% of my portfolio which is the maximum I allow myself for a cash flow negative company. I will allow myself to buy more if the rest of my portfolio recovers to keep CRK at 25%.

    I really think CRK's share price is a powder keg ready to explode to $1 in an afternoon or 2. I reckon just the appointment of a well credentialled CEO with the accompanying annoucement of how the company will be taken forward will be enough to see 80c. Then a positive PFS could easily see $1.20+.

    Fingers crossed the rest of my portfolio recovers which will allow me to buy more at these levels before the above happens!
 
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