CRK 0.00% 26.5¢ carrick gold limited

finally moving, page-9

  1. 1,544 Posts.
    Yes Mozz, not bad. It's holding up quite well. It did precisely what I expected today. I thought it might have a correction and was prepared for it but it didn't.
    I suspect there are some new buyers now and perhaps some of those who sold out during the long downturn can see it has well and truly turned. It's broken through.
    I think people are realising this is not just another announcement. This is the biggest thing that has happened for CRK.
    If they follow the CAH method they will hedge 50-100,000 ounces to pay for the start up costs and that is possibly why they have pulled in RBC Capital Markets. That way they won't dilute our shareholding. Frank obviously doesn't want to do that and nor do I!
    Check out CAH. You might have a chart there for what will happen to CRK!
    Same crew involved too. These guys are top professionals.
    Whilst there may still be a correction, I would expect it to be very short-lived. I don't think we'll see much profit taking this side of $1. I could well be wrong of course!
 
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