I wonder if they will try and merge with other VIC comapnies with resources cash and a small volume of shares on issue. For example Octagonal Resouces(ORS) ORS have a very good operating Mill at Maldon Vic and have just started gold production, they have a 270,000 ounce resource inventory of open pit and UG ore, have had recent excellent results with first round of RC drilling on teir WA projects located 70 km's SE of Kagoorlie, They have a toll treatment agreement in place with A1 consolidated (AYC) 100,000,000 shares on issue, who have 133,000 ounces of gold. A merger of these Companies ORS, AYC with CGT would give + 1Million ounces of Vic gold resource inventory alone, and we all know that the + 1million oz number will certainly turn on the Analysts.
CGT Price at posting:
20.0¢ Sentiment: None Disclosure: Not Held
