I think there could be a bit of a rally on goldies which actually have some sort of resource given what is happening with Red Back Mining and now Andean and that this will rub off on CRK despite reservations people have. CRK's 4.1 million ounce resource is too big for the market to ignore, so I am thinking now would be the time to buy more.
I have read the report by BFG on CRK and this seems to clearly imply that CRK has enough of a resource to turn some of it into a reserve for a mine to be developed, thereby providing us with good upside from the current price level. I have a feeling that BGF no longer support CRK to the same extent they did back in December 2009, and a BGF report has been removed from the CRK website.
I am mostly invested in goldies. My CRK investment is medium sized for me (78,000 shares) and I would buy more if I had confidence in both the management and the quality of the resource.
Given that this is supposed to be the best few months for the gold sector it seems to be a good idea to be fully exposed to the sector, but finding the right goldies to buy is an issue.
loki
CRK Price at posting:
36.1¢ Sentiment: Hold Disclosure: Held