Ann: Crater Gold Investor Update, page-6

Ands, in the past they have made similar very positive announcements and within two weeks after the announcement there was a capital raise. This time it may well be different as the update stated that the second ardit from where they will be mining is scheduled to be ready for mining by January 2017.

I got burnt in a big way with this mob before Mr Chan came on the scene. To his credit Mr Chan has somewhat stabilised things. I have been accumulating as I believe they may just get the job done this time. However, nothing surprises me with CGN and another capital raise is not out of the question given that they would be running very low on cash. Even the ASX queried their cash position and whether they could continue funding operations recently. Check the announcements over the past two months.

I hope this helps.