Having a brief flick through their quarterly report from May 1st, there are a number of different things meant to be happening this quarter, with many of these expected by late May; I'll cut and paste some of them;
*Continuation of exploration drilling at Ze Vermelho, Pedra Branca, Filao de Meio and other prospects utilising 3 drilling rigs.(MOSTLY DUE BY ND OF MAY) *Development to Ze Vermelho’s - 116m level; with sampling of material retrieved during development. *Lining of Shaft #2 at Ze Vermelho, establish link with underground working and commissioning of haulage equipment. *Construction of additional gold leaching vats. (DUE MAY) *Ongoing gold production from gravity processing and cyanidation. *Finalisation of interpretation of IP and TDEM surveys for identifying drilling targets. *Importation of 2x RC and 2x diamond rigs into Brazil (DUE MAY) *Continuation of 3 diamond rigs at Ze Vermelho and surrounding areas *Continuation of contract drilling in Brazil. *Modification and mounting of T3W drill rig in Uruguay to commence.
Some news of these projects would make a big difference to sentiment...
CGM Price at posting:
5.9¢ Sentiment: LT Buy Disclosure: Held