Ann: Change of Director's Interest Notice , page-12

The problem is a hedge at under $900/ounce for about 55-60k ounces pa to end 2013, I thinks. They are really slow in upgrading the size of the mill to 10mtpa (about 300k ounces pa). CGX needs a large mill because it has a low grade deposit (just under 1 gram/tonne).

I saw some comments on RED that the govnuts there are thinking of raising mining taxes - whoopee. CGX currently has a tax holiday for several years.

Yawn. Someone please wake me up when there is some life in CGX.

loki