Ann: Half Yearly Report and Accounts, page-4

Article in the SMH tonight is not too kind on CGA

http://www.smh.com.au/business/bank...way-at-contango-microcap-20170302-gup7ot.html


Pascoe said this

Aside from underperforming lately as an investment manager, CAM has other challenges. After running as high as $1.93 soon after floating, CAM shares are down to $1.34 and it is burning through cash. The company's latest quarterly filing showed cash of $956,000 at the end of December and estimated cash outflows of $2.18 million for this quarter. In the December quarter, it has receipts from customers of $759,000. Staff costs alone in the same period were $782,000. The current share price seems to consist primarily of an amazing amount of goodwill.

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Its going to be embarrassing for CGA and its broker if when they go cap in hand to the market in the next few weeks to keep the lights on