Peter Grandich
Crocodile Gold Corp.
CRK-T
TOP PICK
Mar 09, 2010
Institutions are paying a premium for companies they believe can have production growth. This company acquired very interesting projects in Australia at a very low price. Now a significant producer. Bumped up estimates from 100,000 ounces of production to 120,000 with a potential target of 500,000.. Long-term prospects look extremely good.
Australian gold company. Doesn’t own but looking at it closely. Looks interesting. Doesn’t know it well enough to say “Back up the Truck” but worth a speculation.
Ran into some issues but now seems to be getting back on track. With the juniors, you just have to be careful you don't have too much. Decent company. So bombed out right now that there is not a lot of downside. Prefers Argonaut Gold (AR-T) (which he feels is a Hold currently).
Have an offer from a Swedish company. There might be another offer. Pretty interesting object but it is pretty far away. Cutting your losses now and moving on, makes sense.
You have to make sure micro caps are liquid. This one is fairly liquid. He would not add to it, though. He likes gold as a trade, but don’t go crazy on it.
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