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0.00% $2.72 cga mining limited

Ann: CGA Announces Resumption of Full Production , page-4

  1. loki01
    11,125 Posts.
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    24/01/12
    11:49
    Post #: 9590813
    re: Ann: CGA Announces Resumption of Full Pro... Rowingboat

    Thanks.

    At last some improvement. It loos like the presentation had a positive impact.

    They need to move from 6.5 mtpa to 10 mtpa. This was mentioned about 18 months ago and the progress is slow. This is not like SLR which sets clear timelines.

    There is more gold there which is good and some of the grades found are an improvement on what they have. Average grade is below 1 gram/tonne in their new resource. It was a bit above that prevously.

    I am looking forward to the hedge ending one day (early 2014 I think).

    I agree it is undervalued, as are a lot of other goldies. Small parcels of share were dumped out of desperation because they are so illiquid. Being patient pays off.

    loki
    CGX Price at posting: $2.29 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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