Crocodile Gold (fka CROCF)

[finbar99]

I don't think many have noticed....most read the headline, maybe the first paragraph. The news on the hedge was bigger than the production headline. This quick move impresses me. I like the structure here with a very big shareholder working closely with mgmt. That from what I have seen is the biggest problem with these Canadian based miners....mgmt that is way too far removed from equity and equity ownership. Seizing the moment at 1350 to strategically take out almost all the bank debt. These guys I'm sure were instrumental in pushing through the convertibles, but I don't mind that too much in the bigger picture of things. Croc is now well positioned to get through this hellish downturn.