bilbar, yesterday was a scare. Brings back memories of 2008 but the situation between then and now is different (thankfully). Same debt ceiling garbage coming up Q1 2013 !!
BHP is a sell on my screen at the moment so best of luck.
Interesting that while the AJO dropped 4% most gold miners didn't fare so badly. I thought that CRC was quite resilient under the circumstances. Many gold species got smashed.
CRC has a backbone.
On the strength of a NSW mining permit, freehold land and a proven resource a debt/equity finance package looks very reasonable.
Best that CRC holders remember that this is a 'gold mine' and as such should get preferential treatment from the market.
The future for gold is inversely proportional to the future of the USD.
Something else to consider: when the RBA sees that inflation is dropping it will lower interest rates. The AUD will drop. Our gold is worth more.
There's always blue skies above dark clouds bilbar.
CRC Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
