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0.00% $1.71 catalpa resources limited

Ann: Catalpa Launches Equity Capital Raising , page-8

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  1. axegun
    707 Posts.
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    03/02/11
    10:27
    Post #: 7834138
    RE drilling to assess Edna May before mining. The results appear suspect. A mine opens and grades are low from start. Intelligent Investor got it right a few months back and forecast capital raising to overcome problems understated to shareholders. Reading between the lines it could be up to a year before good production at Edna May. Openning up new gold seams for mining takes time. Sp rise lags that.
    CAH Price at posting: $1.69 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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