CGX cga mining limited
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move into africa and discount to cash

  1. Brasidas
    141 Posts.
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    28/10/06
    19:43
    Post #: 1887728
    Central Asia Gold Goes Into Africa

    By Rob Davies

    It’s not often you can buy a £1 for 90p but on the bare numbers for Central Asia Gold that’s what you seem to be getting. This company currently has A$78 million in the treasury and has 120 million share according to Angela Moore, the company secretary. That equates to cash backing of A$0.65 a share, yet the share price is A$ 0.48, how does that work? Effectively, the market is saying that the management and other projects are subtracting A$20 million of value from that cash. Some explanation is required. .. more ..

    http://www.minesite.com/storyFull5.php?storySeq=3889
    CGX Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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