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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (2207)	11/23/2005 12:43:55 PM
From: DetectiveT	Read Replies (2) \| Respond to of 78408

Claude, I have a suggestion for CKG management. I am sure I am not the only bozo to come up with this suggestion! <g> I am writing this NOT with the intention of being a complaint but as constructive criticism from a loyal CKG shareholder(I have been buying recently between 3.80 and 5$ and have owned CKG for about three years now and sold only about 20% of shares that I have bought!) Assuming that the the gold bull second leg has started then CKG may have trouble in the short term competing for shareholder money with other gold plays that are near prefeasability and later in development. As you suggested several times in a real gold bull market phase, a significant exposure to gold producers is recommended. In light of the recent drill results and the poor market reaction, one possible suggestion for CKG management to regain shareholder confidence might be to double the speed of the exploration process by setting up a second drill team and rig(if they can get one). Now I think you did mention CKG management was thinking of thinking of farming out ie doing JVs on some properties - an excellent idea in line with the above suggestion! If management is very confident that they have the millions of oz gold(the potential on huge La Gitana alone certainly seems there!) what should a few million extra(hopefully only one or two) dollars mean out of 20 odd million in the bank if they can get the job done twice as fast! This is of course assuming that the most prospective properties are all drill ready ie the drilling is the bottleneck in the exploration process. If this is not the case, make it a priority to get these properties drill ready and consider adding a second drill rig. Not sure if it a fair comparison, but look at BCM now drilling the "swiss cheese" out of their properties with several drill rigs! If CKG gets "three strikes" ie only fair/good drill results for the third set of holes, shareholder support will suffer more and be harder to win back. Again consider the advanced plays(and there are many!) that CKG must now compete with for shareholder money. Even aside from this argument about competition for shareholder money I hope that CKG is SERIOUSLY considering ways to optimize the efficiency ie the speed of getting the task done at a reasonable/low cost and with low risk. Each management style has its strengths and weaknesses. I still do respect Randy's prudent and honest management style. I think the market does too with CKG being an explorer that is only off about 50% from its peak vs. others that are off more like LRR. Things could be a lot worse! Could you (and other SI folks) please comment on these suggestions and forward them to Randy if you think they have merit. Thanks, Terry (a loyal CKG shareholder just trying to help)