DRA 2.05% $1.91 dra global limited

nice margin now over high costs, page-3

  1. 806 Posts.
    eug nearly doubled in price today


    RESULTS FOR QUARTER ENDED
    30 JUNE 2012
    As at today’s date Eurogold has a share portfolio valued at $15 million and cash reserves of $834,590.
    During the previous quarter Eurogold committed to a funding facility of $10,000,000 with its major
    shareholder, the Allied Group of Hong Kong and $1,000,000 was drawn-down from the facility in March.
    No funds were drawn-down during the current quarter.
    Taking into account the debt to the Allied Group, the Company has a current NAV of $0.17 per share.
    The Company has retained its interest of 24.45% of the issued shares in Dragon Mining.
    The Company continues to examine various investment opportunities in resource projects with a
    particular interest in the gold mining sector but for various reasons the acquisition of projects reviewed to
    date have not proceeded.
    It is not the intention of the Board that the primary business of Eurogold will be that of a passive portfolio
    investor.
    PETER GUNZBURG
    Executive Chairman
 
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