Ann: Quarterly Activities and Cashflow Report, page-16

Yawn yawn same info as late last year with more delays in mine progress. The crazy thing is though, as long as you are invested with no pressure to sell then time is becoming a blessing. Every month that passes with no outcome to Cardinal's financing or a fair takeover offer, the more the gold price rises and the more the value of its gold in the ground.
I have been invested in this for many years to be dismally disappointed by the possibility of takeover at a price that would make me happy. However now I sit back and relax while watching the gold price slowly make its way to new highs.The day to day price action in Cardinal's price is of no consequence to me.
Lets hope the gold price hits some of those talked about projections in the near future and that a suitor comes along with a fair price offer.