ASX 0.77% $60.90 asx limited

cgx cashed up

  1. 240 Posts.
    Not sure if anybody posted on CGX (Central Asia Gold),yet sounds too good to miss:

    23.6.CGX sold shares in Centerra Gold (a Canadian co operating in Mongolia) for AUD 63.3m (profit AUD 15.6m,holding cash 70c/sh),yet it is selling for 62-65c.

    CGX retain interest in following gold deposits (non-JORC,compiled by former Soviet geologists) in Kyrgystan Republic,to name a few:

    Altyn-Jilga (80%),resource 9.3mt at 5.6g/t Au (1.67m oz)
    Akjilga (90%),res.32mt at 3.6g/t (3.72m oz)
    Taldy Bulak (66.6%),res.9.5mt at 7.95g/t (2.4m oz)

    CGX is currently finalizing an application for listing on TSX.

    Take all usual due dilligence.

    I hold.

    Regards

    nous

 
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