After being in and out of this one multiple times over the years...

After being in and out of this one multiple times over the years (and costing me every exit) I never thought Id be back, but the figures are looking too good to ignore at the moment.

$13.68M market cap

As at 30/3 - $26M cash and bullion
Liabilities- $9.9M provisions- mainly related to redundancies

$16M net asset with $10M generated March 1/4

How much can be generated this quarter?

Other liabilites of$5.7M -rehab provsions for Kangaroo flat/Dargues?? + $3.4M for Henty covered by $9.5M cash backed bonds.

Now new partner in Henty to take 50% by offering $5M of drilling. which is a win win. If life of mine can be extended by 1yr + possibility to generate more than its current market cap by that alone.Plus $1.7M of rehab bond released to UML.There was no movement on this announcement. Maybe because Liongold have been selling down to 0% as they are cash strapped. If so there cant be too much left to sell.

If Cynaide leaching is approved at Dargues on site does that mean its 600 KT/year gravity and CIL gold plant will be moved there? Either way it looks like huge potential to sell or turn into a mine.

I hope this is not like getting back with an ex girlfriend. It never works.

Management if you can triple or better my funds from here I forgive your past ways.