CRK 0.00% 26.5¢ carrick gold limited

Exactly Cotik. I felt they were bargains at all those levels....

  1. 1,544 Posts.
    Exactly Cotik. I felt they were bargains at all those levels. The quarterly report will be out shortly and that might dispel a few fears. Meanwhile those picking up shares at these levels should do very nicely. We do need information from HQ about the direction of the company.
    A 100,000 ounce pa company with a cost of say $650 an ounce would, at the current gold price of $1,488, make just under $84 million a year! Compare that to the current market capitalisation of Carrick. It doesn't make too much sense.
    Carrick is going through what they call the "orphan phase" when the excitement of the initial discoveries is over and before someone moves in.
    You certainly need to be strong to wear this! It would be easy to panic.
    The reality is that absolutely nothing has changed about the fundamentals of Carrick when they raised $1 a share earlier this year and it was oversubscribed, except the trgic loss of Frank.
 
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