http://tmx.quotemedia.com/article.php?newsid=45641918&qm_symbol=C...

http://tmx.quotemedia.com/article.php?newsid=45641918&qm_symbol=CGA:CA

So it will be released on the ASX on the last day possible, next Monday. I wonders why it took so long to release the report?

Production down to 15k ounces for quarter from the previous level of 46.3k ounces. Cash cost way up - no surprise there

Cash and cash equivalents down by around $30m to $174.5m, after repayment of $4.3m of loan.

Sag mill expected to be fully operational again in December quarter, so expect another lousy quarterly report in January and another reduction in cash balance.

Slow progress being made on upgrading the operation to 10mtpa plant (about 310k ounce pa), but it will happen one day. "Work on the comprehensive scoping study to lift production rates to 10mtpa is well advanced and continues to track well." Yeah, sure.

"Completion of the supplementary crushing circuit was slightly delayed to September but is now successfully commissioned and operating to design throughputs".

Someone please wake me up one day when things are better in CGXland (maybe in 2013 because 2012 could be a bad year for equities).

loki (back to zzzzz for the next 3 months)