CGT castlemaine goldfields limited
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LG bid now sitting at 17.6c What's more interesting though is...

  1. Alex999
    3,827 Posts.
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    14/05/12
    13:19
    Post #: 10171074
    LG bid now sitting at 17.6c

    What's more interesting though is post the placement to LG CGT has
    - $18m cash
    - 300m shares

    6c ps in cash !!

    and now cash positive with gold output increasing ??!

    at target 50k oz pa CGT earning about 10c ps pa (assuming $600/oz margin)

    why does anyone like LG bid ??

    why the discount to LG bid ??



    CGT Price at posting: 14.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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