The company is priced about as low as it could be, almost down to the cash it is holding. None of the exploration and expenditure of the past years is taken into account. The ounces are valued at peanuts. It is just fortunate that the two largest shareholders can prevent a hostile takeover. The lack of communication with shareholders who have pumped millions into the company is utterly appalling. It is all very well giving bland reassurances that everything is on track and that work is underway converting resources into reserves and saying the company has no control over the share price. A few thousand dollars spent on letters to shareholders giving them up to date information on progress and regular bulletins thereafter would alone lift the share price to somewhere near where it should be. This is a public company not a private business. There's enough cash in the kitty to buy up several million shares at these levels to assist those who have given up to get out and make the holdings even tighter. I have run businesses successfully in the past both public and private and would love to get into Carrick to turn management around and get this show on the road. That's obviously not going to happen but surely the Carr family could bring in someone with experience if the current management is not up to the job. We want to know when these resources will be converted, what is planned, when the scoping study will be out and either when mining will commence or whether efforts are being made to have a joint venture or a takeover. Perhaps a meeting of shareholders could be convened to discuss these matters?
CRK Price at posting:
34.6¢ Sentiment: Buy Disclosure: Held
