CRK carrick gold limited

Dear FrankThese latest results are extraordinarily good and...

  1. 1,544 Posts.
    Dear Frank
    These latest results are extraordinarily good and starting to confirm what you were saying last year.
    It's clear, to me anyway, that you will indeed reach that magic five million ounce target and perhaps you will announce this in a couple of weeks in the Quarterly Report or at least the progress we are making towards the five million mark.
    Quite a number of my friends are shareholders in Carrick and another bought a large parcel of shares recently. I also know two in the top twenty category.
    What I think we all need to know now is the plan you have for mining the gold.
    We would also like confirmation that the cash cost will be around $350 an ounce or thereabouts as I was advised by a significant shareholder.
    We are aware that raising funds when the share price is a fraction of what it should be can raise problems. A share issue would dilute our holdings and yours too much.
    What do you propose then?
    You mentioned toll treatment in one report to shareholder. This would seem to be a low cost way to generate funds to provide finance for a plant.
    Another way would be to forward sell production of say one hundred thousand ounces.
    My wife said to me, it's all very well having five billion dollars worth of gold sitting in the ground but how are they going to get it out?
    Well I told her there are various ways of doing that without disadvantaging existing shareholders.
    I'd be grateful therefore Frank if you wouldn't mind outlining for her and all my other friends who are shareholders what your plan is for converting the gold into cash.
    Thank you
    Yours sincerely
    RichardPossum
 
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