MIC michelago limited

re: + quarterly report. + Extracts:Introduction: "Excellent...

  1. 22,691 Posts.
    re: + quarterly report. + Extracts:

    Introduction:

    "Excellent progress was made towards completing the BioGold acquisition during the coming quarters, which is expected to deliver consolidated production well over 200,000 ozs pa, along with a significant revenue stream and growing profits".

    • Drilling exploration programme on the Jinya Gold Project to commence in February 2004.

    Page 3: "In addition, Michelago has appointed the Zenith Corporate Advisory Group in Beijing to carry out a valuation of the BioGold enterprise, based on the Due Diligence report.

    This valuation has been completed and is under consideration. Michelago anticipates holding a general meeting of shareholders to approve the various transactions outlined above in March 2004".

 
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Currently unlisted public company.

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