short term trading week starting - 24th mar, page-72

Morning guys

CGN looks attractive

136m shares on issue with 2m cash and MC is less than 10m.

Chair holds 60 percent of the company.

Have a proven resource of 700k ounces of gold with good grades.

Mining application is pending with a target to start producing from high grade zones later this year. Cost to produce is low.

Currently drilling high grade zones where they found 850g/t and few other 500g/t au. Drilling should have taken three to four weeks so I am expecting results soon.

The company has been the worst performer on asx but looks undervalued at these levels. They have no debt.

Had a conversation with one of the directors and they seem pretty exited with their plans a head.

I am hoping good returns here.

Cheers