New to CRE, punted my GDO stock for this and all I can ask is why this is at the level it is?
Recently raised 45m, already producing and due to flooding (which no one really knows how good or bad it is) suddenly a spike in trade and price bottms out. The 45 mil is to also bring the summit mine back into operation. Yes back into operation so the initial capital to reinstate this mine should be less than to get a brand spanker up and running.
I hope I do not read this post in 2 months and cringe however at this level I feel this is one of those too good to be true stories.
Laverton/Apollo look strong.
"Crescent Gold is a top 10 listed Australian Gold producer and explorer. Current annual production is of 100,000 to 120,000 ounces is being sourced from the Laverton Gold Project"
Sonmeone slep me in the face with a wet fish and advise what I am missing. Is the market expecting the mine to be closed for 5 months as it's completely flooded?
CRE Price at posting:
9.9¢ Sentiment: ST Buy Disclosure: Held
