Ricm, Just read the Chairmans address and presentation to the AGM and there are a lot of positive forward looking statements. The timing of the increase in gold production with the Barrick gold OPA could not be timed better with the POG at an all time high and breaking out in AUD price as well. The only negative I see is there is still a high cash burn rate with reserves down to $10m but at least they are unhedged. Still the low share price reflects all the damage done in 2008 and shareholders from then have long memories and empty pockets. Hopefully with the latest developments the SP will recover quickly and who knows there might be a takeover offer from Barrick some time in the future and I don't think Deutsche bank would object following there losses in this investment.
CRE Price at posting:
22.2¢ Sentiment: LT Buy Disclosure: Held
