I hope this is just a poorly worded announcement but I am concerned about the possibility of a moving target management are setting up.
At first the preliminary economic study was due for completion in October 2012 but now it could be read as if they are planning to complete it in the first quarter of 2013.
The Company remains focused on finalising the PEA for the Cameron Gold Project, which is due for completion by the end of October 2012. (extract from announcement: Key Appointment & Lycopodium for Preliminary Economic Study)
The merged entity will be well funded to complete its ongoing preliminary economic assessment of the Cameron Gold Project and recommence exploration in the first quarter of 2013. (extract from todays announcement)
CVY Price at posting:
6.1¢ Sentiment: Hold Disclosure: Held
