Things arent so bad.Sure it has been slow of late but the thing to remember is that the world is waking up to where gold is heading. The best time to release news would be in the next few weeks and I am hoping that is what Management is doing. I took this off of the last news release and am very please with the amount of money they have in the kitty.
This stock has been pounded down and it seems that they are in silence. One thing does remain that these properties hold gold and they have the people and contacts to push them forward IMO.
From what I read here
Combined with the financing announced on July 18, 2007 for gross proceeds of $10.3 million, the Company now has approximately $14 million in cash and Bank of Nova Scotia Discount bonds on hand. The Company has no exposure to asset backed commercial paper.
They have plenty of money to drill more than one property and are looking at securing some rigs. I think we will be rewarded.
There has to be a few lives left in the old Cat.
Glta
C.S.
I am going to send an email and hopefully get a timely response like I use to.
Wish me luck.