RE: Action today - Indicie RemovalAs you may be well aware of pnl, Aberdeen has been scaling out of AVR and reloading into CRK. Croc seems to be getting its house in order after a worse than predicted rain season last year that pushed everything back and drived up costs. The technicals are showing a bottoming formation on the daily chart. CRK almost closed above 0.72 before it was pushed down in the last 45 minutes of trading. Two daily closes above that for a confirmed interim bottom.
From now to the end of the year, management is only going to be feeding Cosmo "development ore" into the mill for break-in. Optimization tests and metallurgical recoveries need to be confirmed during the commissioning process. Concurrently, they will also be stockpiling Cosmo ore to be used months out when commercial production begins in early 2012 with a ramp up to full phase 1 production by mid-year. I have no mining experience nor have I confirmed this with anybody else, but this is the typical process that occurs in early stages of production (so I have read).