laying things on the line here- i have been a sucessful and sometimes not to successful trader/investor on global markets -predominantly the ASX-
I got my first real case of getting my fingers burnt by enetering the market just prior to the Global Financial Crises which as you can imagine, hadme seeing red for sometime post the financial meltdown. People both inside and outside the investment community was telling me to cut my losses and invest in a safer managed fund or blue chip shares for the defensive nature that they present and the less likelihood of losng a lot of coin like I had done prior by overweighting my portfolio towards small cap companies in hthe exploration/speculative end of the market- End of the day as they say, your money your call- Call it dutch courage or what you wish, but my philosophy for investing has remained committed to researching the hell out of emerging companies- currently overlooked by the investing commodity waiting to ride the highs when and if the market finally finally get it right- and re rate the company to where it should be valuing the company -
What is beyond me even after all these years of investing and trading on global markets is two things
a) pact mentality and fear b) investors inability to value a share on its enterprise value and fundamentals but rather on emotion + sentiment-
Some may recall my name from other threads, because I do frequent some threads where I have long term positions so in advance nice to see you in CRE if we have crossed paths before and if not nice to meet you- I hope you dont find my posts unnecessary or annoying as I like to post on long term stocks I hold to envoke discussion and a healthy debate to enable us to crunch numbers and at the end of the day use each other as a resource to greater wealth-
CRE, although only quite new to me having only been brought to my attention weeks ago, Is a stock which ticks a lot of the boxes for me in a global sense- with global markets in freefall at present with unfortunate world events causing fear and panic amongst governments, nations and investing communities alike. I have always been overweight on the resources sector- predominantly oil and gas- because after my recent travels across sth east asia it is more evident that the developing nations wukk continue to require base metals and resources to fuel and stimulate economic growth and industrialisation- With an emerging developing nation, obviously leads to the basic principle that emerging middle-higher class communities will evolve in nations such as in the BRIC nations which will most definantly bode well for producers of gold such as crescent gold (asx:cre) - Just travelling through the asian nations you can see the importance that financial security to the asian population- With gold being amongst the greatest forms of wealth for many asians- rest assured that demand for gold will remain robust in proceeding periods to follow this bearish market sentiment we are currently experiencing -
Im amazed at how some stocks on hot copper receive phenominal triple figure top posts on this forum purely based on emotional traders/ investors alike yet CRE received a better than expected half yearly report some 12 hours ago, and yet we havent even evoked any discussion on this topic - Either way, reading from previous posts, I general sentiment on the threads were that CRE had been heavily sold down lately obviously due to profit takers from a recent capital raising- but many investors/traders alike were commenting on the selldown in anticipation of a lacklustre half yearly report - After dissecting the CRE report this morning over my morning latte, I really cannot warrant any such sell down due to a poor half yearly report anticipated by many investors- especially not to levels around 3cnts per share -
All in all the half yearly wasnt as bad as i anticipated fromreading previous posts and any downside to cre both short-long term is definantly overdone in terms of the way it has been oversold recently- Hoping that a huge proportion of the profit takers from the recent capital raising are well clear now so that CRE can start its obvious move it needs to on fair value alone- Gold is gold at the end of the day- If the nervous nellies have sold down positions in CRE based on their uranium assets and the fear of a total wipeout of future nuclear energy projects based on the meltdown of the Japanese ones, rest assured that it is definantly not warranted -
Research alone will prove that the reactors in Japan which have exploded post the massive Tokyo quake were disasters waiting to happen- If we do prove up uranium assets longer term, the fear of nuclear energy being so bad for the economy will be a thing of the past with new safer/more compliance based reactors being remodelled to be able to withstand any amount of overheating pressures which caused these 40 year old reactors to come under intense pressure thus casusing them to explode. If uranium resources are able tobe proved up - longer longer term, rest assured that the sell down in uranium stocks will be a thing of the past, like the Y2K bug theory, and CRE would be primed to capitalise on an energy dependant world - ( Either way, this is and should always be seen as a asset on the very backburner) as we continue to push forward to increase reserves, ore grades, revenue, land holdings and most importantly shareholder returns -
Im in at 3.1cnts for disclosure purposes and rest assured that I will definantly not be looking to take a measly 20%-100% profit on this one even though industry experts far and wide preach to take profits where possible. My only disclosure of this information is to allow those reading this post that I am not greedy holding on to CRE even after a 100% paper profit, but its moreso to allow those reading this post to understand how significantly undervalued I still consider CRE to be even at levels anywhere up to 10c per share -
End of the day, its my money, my call as they say and I hope you do all of the necessary research you can on this stock prior to any substantial re-rating should that be the case.For my money, im confident that I have made a value driven investment decision and will hold as loyal as ever to hopefully see CRE reach the potential which they aim to prove up-
Should it prove fruitful, maybe ill buy the missus that big 4 carrat rock for her finger which she constantly keeps alluding to and give her the fairytale island wedding with all her family+friends paid for followed by a honeymoon experience to leave her speechless- that would definantly be profits well spent not to mention, I could never forget the stock ticker CRE till death do us part lol Anyway, with the dow down 242 points overnight, heres hoping for a good performance from CRE today on a anticipated bloodbath on the ASX today- hold your nerve and dont let those tree-shakers alter your investment philosophy - Strong close yesterday definantly shows that maybe the post cap raising dump has come to an end and she might get pumped a little by those hedging for gold -
CRE Price at posting:
3.6¢ Sentiment: LT Buy Disclosure: Held