This Qr. Expln and evaluation 533,000 ********
Development nil
Production 29,000 (Yr to date 729,000).
For next Qr: Estimate of cash Outflow for next Qr 637,000 Exploration and evaluation
310,000 Production (YTD 729,000).
Development last qr. under Expln. and evaluation ?? as they are looking at and for the veins in the new adit/level, or so they seem to indicate.
This company bit of an enigma to me also. Disappointing so far. So much potential but little and painfully slow progress, reflected in appalling SP performance. I still feel the late Peter Mcnabb probably had a good influence now absent. Gold Aura till now, it has gone backwards. ASX are keeping an eye on them obviously, from the queries re capability to continue as a going concern. Too many of these type sagas around. They need to get things moving ahead, not backwards.
CGN Price at posting:
2.4¢ Sentiment: None Disclosure: Held
