good buying today

Nice volume today, could be triggered by the AGM yesterday.

I attended the AGM yesterday arrived late, only a small turnout.


Looks like the JV in China is the main focus of the company.

Below is extracted from yesterdays presentation.

New JV Company to be formed in Hong Kong
Directors have been nominated by each of the parties
to the JV
CGE will have 2 Directors on the Board
US$120M to be raised on the Hong Kong Exchange in
stages as the project in Inner Mongolia progresses
Forward estimates for project is US$400M

The Coal assets in inner
Mongolia
Gou Xing Mining Co Ltd (JV
Partner) owns
1-2 billion tonnes of coal at
depths and seam thicknesses
suitable for UCG

CGE is moving ahead to expand its human resources team both with regard to the upcoming
drilling programme, our need for internal office administrative staff and our international
commitments in China.

A formal letter of offer has also been made for the position of Business Manager China to a
candidate who comes from Beijing, has been in Australia for some 8 years, is now an Australian
Citizen and brings to the roll considerable experience both here and in China in a similar role with
an International Chinese Mining Company.