Good afternoon fellow members of the Carrick board, it sounds like lots of people have itchy feet and can sit on their seats properly. It sounds like a lot of people are trading this expecting a miracle bounce overnight or the rot to disappear miraculously overnight. However it wont, this company doesnt really do much promotion on itself let alone spend a penny on marketing fees. Take the company on face value of what it is at the moment, a resource junior with superpit type gold resource in the ground. Unless gold comes collapsing down to sub $800 level this stock should eventually have a floor. Now to all the nervous Nellies out there.
Stop averaging a losing position unless your comfortable with pain and that you wont have to lose the house on this one if it doesnt work out. At one stage every stock is at 52 Week or 5 Year lows. Just look at the Illuka, went from lows to high in a matter of months. Sit back enjoy a game of golf and pray eventually someone realises the value of this company. I wouldnt say Management have no credibility, they just dont focus on publicity to spruik up their share price. Maybe working on resource delineation is the best option at the moment.
Though it would be appreciable if they do update whats happening with the PFS, whether or not is has been delayed as speculated. Maybe i can make a low ball bid using the company's cash to buy up its own shares =).
CRK Price at posting:
35.1¢ Sentiment: LT Buy Disclosure: Held