CTL 0.00% 0.9¢ centennial mining limited

Last quarter was not a good result due largely to problems in...

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    Last quarter was not a good result due largely to problems in the A1 mine. These now appear to be behind us judging from the last quarterly report. I would suggest without Union Hill operating last quarter we would be history right now. I would expect some announcement Monday. They had 1 million at the end of last quarter and now with 6 weeks of production from improved grades at A1 they should be closer to the 2.5 million. It will be tight and it is all guess work until we see an announcement. If they have squeezed the 2.5 million from their own production then there will be precious little working capital left. If they have demonstrated 6 good weeks in this quarter, they may have been able to arrange some finance/ overdraft. Again all guess work looking forward to an announcement.
    Last edited by golddigit: 12/08/18
 
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