CGT castlemaine goldfields limited

extraordinary cash burn rate , page-3

  1. 687 Posts.
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    Went up and had a look. Loved the geology not sure about the management or strategy.

    They can spend alot of money very quickly (development) but also can make a lot of money very quickly (stoping). A lot of cash gets spent before they start to generate cash.

    This has always been the case with HGNV deposits where mining schedules need to be very carefully maintained and watched.

    They do need to watch the dilution when driving on ore and I wasn`t overly happy with what they had to say.

    As Alex said mangement should not kid themselves and need to prove themselves otherwise this could all go belly up.

    Watching with interest.

 
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