Within the last months stock price decreased because of bad news. Now Crescent Gold's new management has changed strategy in order to become profitable. In the field of exploration Crescent Gold's management announced continuing drilling. There are a lot of Joint-Ventures (see: ASX - SNU, RUM) for exploring targets. Another point: Until 2009 efficiency of Crescent Gold's gold mine will be improved. An increasing gold price (> 1200 A$) could be a chance in order to start production again.
To my opinion stock price is fair
CRE Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
