ASX 0.77% $60.90 asx limited

Not sure if anybody posted on CGX (Central Asia Gold),yet sounds...

  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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