Ann: Reinstatement to Official Quotation, page-5

Not sure why i was modded. The quote can from today's ASX response.

Did anyone read the response...is this really possible and can be accepted by the ASX?

Per today's announcement....

"The Directors note that the Forward Gold Sales may proceed despite the Entity’s Charters Towers Gold Project continuing to remain on care and maintenance.

In order to effect the Forward Gold Sales, as at the date of this letter, the Entity currently intends to sell a small portion of its gold resources.

The assumption that the Directors will be able to make forward gold sales amounting to $1,200,000 in March to May 2016 has been made on the basis that the Entity is seeking to sell 60,000 ounces of gold resource at a price of AUD$20 per ounce in situ. The relevant gold resources have been identified and are situated within a granted mining lease. Any sale or sublease of all or part of the relevant mining lease or leases to a buyer will not interfere with the planned future production operations of the Entity. Under the terms of sale, the buyer will be responsible for any extraction and processing."


60,000 ounces sold for $20 per ounce and the buyer has to extract (mine) the ore and process it without interfering in CTOs operations.

Unbelieveable.

Who would in their right mind take this up...even at $20 per ounce?