Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-7

Given the current/future NPV and in a time of high M & A activity it is very surprising this hasn’t been taken over or at least “talks” are ongoing in the background ???

Further drilling will more than likely find further high grade gold shoots has it has done for the last 2-3 years without been rewarded in the share price during a period of rising gold price we have been stuck in mud.

I can’t see CAV being keen on any further dilution when you have 4B shares on offer and any likely “suitor” will know this as the right time to swoop. We just raised $2.2M in September last year and have got no uplift after drilling results….

Something will have to give soon……