Loki01 I didn't think that the impact of two new board members...

Loki01 I didn't think that the impact of two new board members would be felt immediately given the strength of the selling. It will take time. Most gold stocks I watch have under performed expectations lately and many investors will be targeting brokers recommendations for contributing to this. Heaps of SP and co valuations don't add up to a fundamental analysis. One wise broker once told me that all of a years SP movement happens over only 10 trading days and that's been my experience. The problem is that we don't know which 10 days they are and we all to often arrive late. IGR is a good example of this. Nine months of trending sideways despite great reports and improving fundamentals. Read the blogs of confused and disgruntled investors who have now changed their tunes with the recent SP appreciation.

Know one I know is still talking of a 10 million oz resource although it may be possible over time.

Read the report on the CRK web site dated 25th Jan where a mr Grigor suggests " this co needs to be taken seriously".

A very short term position my dissapoint. Ive not been sucessful at short term trading. As I become more experienced I am taking larger positions in fewer co's and when they move, and they always do, you just sit back and smile. The idea for me is to grow ritch while you sleep. The fear always is that the scoping study will disapoint. Sure thats a risk but the grades have been independly verified according to the report mentioned and found to be of only 10% varience and that was in 2007. On every level the current SP is a buy with a MC of 51 mill with a 22mill cash backing that's only 30 MC.

Ofers will come, its idealy situated and Australia is still a safe place to do business.