CGX 0.00% $2.72 cga mining limited

$60 million cash, page-21

  1. 7,397 Posts.
    re: $15-million cash More waste time,

    Possibly need all of that to get the mine up and running in Kyrzkx land or some where.

    And this dude can not read ,
    spare me

    Investment in AGR Limited/Centerra Gold Inc
    During the June quarter, Central Asia Gold Limited (�gCGX�h, �gthe Company�h) agreed
    to accept a takeover offer by Centerra Gold Inc (�gCenterra�h) for its interest in AGR
    Limited. The Company received Centerra shares in consideration for accepting the
    offer. CGX subsequently agreed to sell those shares pursuant to the Underwriting
    Agreement entered into by Centerra (as part of its initial public offering). CGX
    received 3,833,927 Centerra shares which were sold at C$15.50 per share.
    (Centerra shares last traded at C$14.40 per share).
    The transaction was settled in early July, with proceeds received of approximately C$59.4M (AUD$63.7M), before
    underwriting fees.

    This represented a book profit of AUD$15.9M, before underwritingfees and costs.
 
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