trading halt, page-4

At least there will now be a pathway to Mako so there is a good chance I'll get my money. With the market cap now at only $16m dilution will be significant so any chance of a good profit premium (in the medium term) is reduced. I expect that the company will seek to cash up as much as possible for the sake of managing contingencies.

Full marks to NK for sensing the problem, however most posters ,including me, sensed the problem and did nothing .... as per a previous thread titled "what gives". CGT is the very first stock I purchased in my current portfolio and I was a blinkered as everyone else in looking at the upside only. The brokers report that essentially reconfirmed guidance after cracks started appearing didn't help decision making either.

Anyway, Mako should be pretty good. It is a big target that has been well drilled with high grade gold in the majority of reported drill results and gold in just about every reported drill result ....... so I may as well stick around for the ride.

Longer term, if a good Mako result can be repeated, the SP could progress nicely. If the company is to condiser any M&A options this should be post Mako grade confirmation. Much also depends of POG becasue even the LGL digs could be profitable if gold remains on the high side.

My key investment question is whether or not the play represents value at the post CR SP, not how much I may have lost to date (which is emotional but (logically) irrelevant to decisons).


Cheers