re: ** gold stock in freefall? **
CRS could easily be heading to 20 cents - or even lower?
It's possible CRS could be experiencing some major cashflow problems. They lost a substantial amount last quarter. It's no good having ounces if they can't be profitably got out of the ground.
CRS tumbled from $1.20 to 20 cents from January 1996 to January 1998. Their current collapse is from 96 cents down to 30 cents. It just goes to show you can't fall in love with a stock.
What is concerning is a number of gold stocks have been edging higher recently. But CRS just keep on falling.
CRS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
