i don't understand.., page-24

Some interesting reading here

http://liongoldcorp.listedcompany.com/newsroom/LGC_290612.pdf

This in particular is interesting.

"About CitiGold: As at 28 Jun 2012, CitiGold had a market capitalization of
A$66.8m. It carried out its first gold pour in Nov 2006 and has since sold about
95,000 ounces of gold and 45,000 ounces of silver. CitiGold also has a 36%
shareholding in Gateway Mining Limited – a gold and base metals explorer also
listed on the ASX.
Due to the world class nature of its mine, CitiGold was profitable even though it
only produced 4,789 ounces of gold in 2H 2011. In 1Q 2012, CitiGold only
produced 584 ounces of gold as its processing plant was closed for upgrading
until 28 Mar 2012. Nonetheless, the gold produced had a cash profit of about
A$1,048 per ounce and operations have since recommenced.
About the Investment: LIGO will acquire 125m new CitiGold shares at A$0.08
per share or A$10m in total. The subscription price is at a 33% premium above
CitiGold’s share price prior to the announcement. The subscription of these
shares will be carried out in 3 tranches and will be completed by 30 Jul 2012.