RE: Endeaver and CrewAlkester--Can,t understand alot of things. Do people really think that ENDEAVOUR FINANCIAL being run FRANK GIUSTRA as well as the bigshot russsian Severstal would be putting this much money into a dog. Go too the OSLO BORS website--active trading CRU--go to notifications and reports and you will see all the buying these two have done since the 1st of the year. Thats just what we know about. They have been buying right up until friday at 0.405 cents cdn to the tune 0f 200 million or so. The float on the open market is getting smaller by the day. Sooner or later they wont have sellers and they will bid for the balance of shares available. When they put this much money into something there really looking for a ten bagger. So for them too give us a buck a share is a mere pittance to what they get. COMMON CENTS--This is what there really after---------------------REPOST
From the CREW GOLD website.---
LEFA Mine location West Africa: concessions extremely attractive
Within the total mining and exploration concession of approximately 2,550km², over 70% of the ground is Birimian geology coverage and less than 5% is drilled off. This makes the LEFA concessions extremely attractive in an extremely attractive region.
The figure below shows the location of the main exploration targets within the mining concession (red) and the exploration permit area on the east.-----------One hell of a pile of GOLD in africa.--Don,t get sucked in. There.s billions of dollars there. Thats why ENDEAVOUR and FRANK GIUSTRA are there. Can you not imagine 2550km.sq in the heart of gold country and 5% drilled.
Neil Woodyer, Chief Executive Officer of Endeavour stated: "We have increased our investment in Crew today, and are likely to continue adding to our position. We believe Crew remains attractively valued in the market place. Despite recent increases in Crew's share price and by our analysis, Crew's share price continues to be valued at a discount to its risk-adjusted NAV per share and at significant discount to its West African peers on a value per gold reserve and gold resource basis. Crew has just emerged from its debt restructuring process and, while its balance sheet has been strengthened and stabilized, the company has not yet had sufficient time to demonstrate the substantial value of the Lefa gold mining operations or to implement further optimizations. Further, following an exploration hiatus, Crew has announced the restart of the exploration program on the large Lefa land package which contains numerous exploration targets in the immediate vicinity of the Lefa mine operations.
We believe Severstal's increased ownership interest supports our view that Crew remains undervalued."
I noticed a little company called KISKA Mining which has about 500 sq. miles i Alaska. The stock is at 0.82. Wonder what CREW GOLD will be at when it gets things together. Which won,t be long with Frank Giustra now on the board of directors. No comparison. Six months form now if where still around this stock will be at a 1.50. Don,t think we will be around though.
This is why there buying and the only reason, not what they have but what they will have. Lot of typing with one finger..---Check it out.--polly