The market is basically pricing this stock as though the deposits will be uneconomic. Any company that spends the best part of a year doing a PFS and then releases one sentence in the quarterly saying that more drilling is necessary be for the PFS can continue will be treated accordingly in this market.
If management think they have no control over the share price they need to look for another job, because CRK is not BHP or RIO. Most people on this forum could change CRK share price with a correctly worded release to the market. Too many mico caps rely on advancing their business model the best way they can without concern about the share price and before they know what happened some player like Investment Fund YA Global comes along when finance is required the end is nigh.
Frank was a business man and knew that there was more to running an exploration company than just drilling holes; I am not so sure about the current crew.
CRK Price at posting:
34.6¢ Sentiment: LT Buy Disclosure: Held
