Forum Archive Index - April 2004

["Acarda" <sales01@acarda.com>]

Hi Chris

CRD: I can't seem to find anything about the 12c offer, any guess as to
where I should look?  I have been watching them for a few months now.  Mid
month they were about 12c and then each 2nd day seem to jump 0.5c, today a
high of 18c.

Question 1: They are looking at Helam dimond mine which recently produced
96,000 carets per year (CRD think could be lifted to 144,000).  Their
current mines produce 28,000 (Messina) and 21,600 (Star).  If they decide
not to purchase Helam how do you see (guess) that effecting the share price?

Question 2: Mid 2002 they fell from around $6 to $1 ...  looks like cashflow
issues ...  not sure, any ideas on the slide in share price ... do you think
they are past that one?

CRS:  They were in the MiningNews "Stocks to Watch in 2004".  They put out a
media announcement 30 March 04 re significant results from Norseman and
Davyhurst operations. Late last year they were around 70c but have fallen to
55c or so. Note sure why that is.  Their 1/2 year to Dec 2003 had production
of 123,632 @A$361/oz.


Pete

----
>I'd avoid CRD until after their recent offer closes & settles (12c). Sorry,
details not to hand at present.
>INL - Still a bit unstable at present, but don't take your eyes off.
>CRS - been in mining and profitable for quite some time - good stable
company - SP has been trading in good range.
>Regards,
>Cris


----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/