CKG-Some Well Reasoned Posts...
From: SimplyTheFacts Read Replies (3) of 8151
I just think that there are some catalysts in the near term (not related to the AAU deal) that could generate renewed interest in the stock.
TSL, could you maybe share what these catalysts are that you see in the near term? I didn't want to get into a lengthy discussion last night for I don't want to offend any of us cult members. However, since we have now started a civilized conversation, maybe we could sort through the facts and separate them from the story we have all fallen in love with.
Facts are the highly touted La Juliana property was a bust. Furthermore the high expectations from La Gitana, one of the main reasons many invested in the company, have to this day not been realized. The company is slowly moving its attention to other areas, such as Pena Blanca among others. Drilling has been slow, 21 holes in the past 14 months. Besides the probable 1 mil low grade stuff discovered at La Gitana, to date CKG has acquired it's gold and not discovered it. First by purchasing La Cecilia and now with the merger with AAU.
The "Big News" was a dud simply because merging with AAU will ultimately make CKG a good takeover candidate only when the price of gold is over $750. (Obviously barring a great discovery on one of their properties, which is not happening soon because they are not drilling) IMHO, I don't see the price of gold moving over 750 this year or the next. So CKG's story, if and when it comes through is about three to five years away. Volume is low because there is simply no interest for now. There is no PR and news releases are scarce. We are still waiting on the JV news which should be coming soon, but I don't think that would significantly move the stock.
So all in all, great company, great management and a wonderful story which in time will prove to be a great investment. But for this year and possibly the next the stock will remain under pressure in my opinion, and I can't change that no matter how many pints I have. Please don't shoot the messenger, thank you.
Best,
STF
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From: TheSlowLane Respond to of 8151
I believe that we will see a JV wrapped on La Calavera soon, perhaps in conjunction with some of the results of the work that have been done getting it to the drill-ready stage. I think there is another JV in the pipeline behind that (I am writing from memory, which is dangerous). They had about 10 more holes to do on Cerro di Oro as of PDAC. I expect we will see results on that before too much longer. RR is looking to prove up 1MM ounces at La Gitana. I think LG has proven to be more difficult than perhaps was initially anticipated, in terms of complexity of the structure and the lay of the land. However, they have not walked away from it, the goal is to prove up 1MM ounces for now. Meanwhile, they have found numerous other targets in the area between La Gitana and La Calavera that look highly prospective. Yes, it will take time to quantify that, so probably no near-term catalysts on those. However, it seems to me that based on what they are seeing, the long-term objective of defining a district is not unreasonable. As for when gold is going to hit and sustain $750, I don't think anyone knows for sure. I do recommend that you listen to the Coxe conference call for this week though. The focus is on the US Dollar. The thing with currencies is that crises can develop faster and go further than anyone expects. If that happens with the USD, and that seems probable, given the extremes of the situation, then all bets are off. However, that is clearly out of the realm of things which are under CKG's control. Anyway...you could well be right, we could be sitting on dead money for some period of time. So, whether you stick around or look for opportunities elsewhere and then see how things develop, is a decision only you can make. We'll save you a seat if you wander and let us know if you find anything good(er)!
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From: jackjc Respond to of 8151
I think that is a more accurate look at CKG.
After 2 yrs of looking for gold CKG has bought a large low grade
gold deposit and become more of a speculation on POG and less
of an explorer.
While his followers may still believe that finding another
profitable gold deposit is a 100% certainty, Randy himself
obviously knows better and is placing a side bet.
I thank him for the FGX profit, but did not stay with the
CKG rollout. However the stock has done well, with a lot of
faith in Randy's ability, and is so priced.
