cre oversold or overpriced?

end of the day- i must say that i am happy that the markets have been able to speak volumes about the fundamentals behind Crescent Gold Mining and from its recent activity, I would be inclined to suggest it is posiitve-

My sentiment for Crescent Gold is fairly transparent amongst this forum that I see incredible value in this share from the recent low it hit around 3 cnts. For my money, a company with a slight production delay due to mother nature and funding requirements needed as a result of this slight hiccup is not enough fundamentals to sell down an emerging top ten ASX listed gold company in one of the most prospective gold producing belts on Australian soil.

There has been ample debate amongst posters whether it is a right time to buy, will she go belly up, why are the instos selling, will she tread higher or lower and so forth- obviously this share leads a lot of unanswered questions which has obviously played a influential part on its recent downward trend but for my money's worth- im fully loaded and have never been more confident on an underpriced stock like what crescent gold was when my entry of 3.1 cnts was completed .

I see a lot of investors still asking questions on this thread in regards to the price targets and chances of Crescent Gold surviving as a listed company on the ASX- I also see many frequenting out forum to offer their reasonining for the poor slump that CRE has suffered over a very short period of time- imo CRE has been oversold heavily and the reecnt gains experienced on CRE over the last few trading periods is still far from fair value from where we are sitting- The fundamentals for this company are still the same- Nothing has changed, our production and growth potential has not changed one iota even though there has been a slight delay which should be noted is NO fault of the main men at the helm of CRE- Natural disasters occur and when motehr nature unearthed heavy floods over our acerage, our hands were tied and the market has oversold us perhaps because of impatience for our production dollars to continue roling.

All those that continue to question whether or not this is a screaming buy or a company about to enter receivership in the short term- I strongly suggest you go over recent quartely and half year account reports and furthermore I strongly urge you to visit the following link to further re-iterate how imo this stock has been oversold quite heavily with the instos playing a great role on its lacklustre performance of late -

http://www.proactiveinvestors.com.au/companies/news/6366/crescent-gold-intersects-high-grade-gold-at-craiggiemore-project-6366.html

Main points to note from this presentation -

* Haulage roads to processing facility sustained MINOR damage
* Since week commencing 07/03/2011 stockpiles have been building up for crescents next processing campaign through Granny Smith
*Processing of stockpiles planned to commence EARLY APRIL-
( To put this into perspective, each month is made up of early-mid-late- april made of 30days means first 10 days of april is considered early april - 10 days till we enter early april hardly seems enough reason for the huge sell down imo )
*Mining is still underway at Craiggiemore and Grouse open pits
*Rehabilitation work on the Fish haul roads will commence soon to enable recommencement of mining at Fish - note higher grade feed later in 2011 expected -
*Heavy rains expected to reduce production for full year to Dec2011 to 80,000-90,000 ounces of gold from 105,000-115,000 ounces-

Note that even at current gold price of $1422.87, still provides CRE with $113 Million in revenue -

CRESCENT MANAGEMENT SHOULD BE APPLAUDED ON BEING PROACTIVE TO ADDRESS UNFORTUNATE PRODUCTION DELAYS BY

*Reducing costs and increasing grade should provide positive cash flow throughout 2011
*Production rates SHOULD INCREASE due to re-establishment of MULTIPLE ore sources- increased mining flexibility
*Production increases aimed@better than 22,000 ounces, 20,000 ounces and 28,000 ounces for remaining 2011 qrts-

End of the day, even under unfortunate circumstances created by nature, Crescent has been able to come out of it debt free by paying Indago Resources $15 million debt due on March 10th and a cash balance of $19.5 million from their recent cap raising- Sure the record volume of late is most probably the large instos which have exited as seen in our latest shareholder notices which has dragged the price down considerably but Im sure that our necessity to obtain a short term $5 million debt facility by end of march for working capital build up for our half year could also be another reason for some heading for the door-

Crescent have already informed the market that they are already negotiating a new debt facility and with the incredible producing assets under our belt and growth prospective land we hold I doubt obtaining such credit will be a hurdle to far to surpass. Especially considering that our last cap raising was that oversubscribed at 11 cnts that an extra 6% was offered to hungry investors -

Ultimatly, its your decision and your due dilligence which must be completed- do you wait until all the i's and t's have been crossed before you are convinced this is a valuable investement- and at which time she could have already bounced hard or do you consider the position whcih CRE is in now offers phenominal upside value with a shareprice that has been oversold beyond reasoning - End of the day, your money your call- I made my call very recently, and am pleased that I did so before the market started to wake up to it-

Only thing i will say, is that watch out for a possible announcement on economicable copper grades from recent drilling which would then set CRE to higher grounds on the excitement of more economical deposits to add substantial shareholder value- all in all, nothing is certain in life, but for me, the rewards DEFINANTLY outweigh the risks on this one and am confident enough to put it in writing -

sidenote: with the dow up very strong above 200 points higher and gold bulls predicting higher silver and gold prices into 2012- CRE could continue on her upward breakout formation closing strongly monday afternoon on her high and with a favourable buy/sell ratio favouring sellers 2-1