I'll be putting in a few studies on CRC.v into the public charts...
I have been watching this one for weeks... both on Level II and charting it renko and candlestick. Level II suggests the bottom is in at (0.85 TO .095) if you reference the charting with the renko trend indications.
It is due for for a financing, but is likely to come in at .09 cents or higher.
Dilution will not be a factor IMOP.
There may be a surprise announcement in the financing... but that is my own personal speculation...
There is a huge amount of activity of insider buying from .30 cents and down (no insider selling)and just recently I am seeing some very positive action on level II with the teardrop effect.
A recent call into CRC has assured me Canaccord will not be involved in any financing (We'll see). You can expect dilution of about 15 million shares or more in one form or another. It is my opinion it will be an investment.There should be no fear of institutional selling into strength by a huge overhang as a result.
Again my speculation and it is not something I would post without further proof... I would expect the financing should cover the work in the pipeline till the end of the year...
There is still time to buy in, so don't chase... .085 would be a good buy up to .13 cents for near term gain. However the potential for a 10 bagger is there if they hit hot on the drilling... scheduled soon.The burn rate is a loose 40,000 per month moving up to 400k per month during drilling.
This is a long hold looking to 1.00 or higher with the right news.
With great news we could see much higher. We'll call this your lottery ticket...
For entertainment only.
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