Cameo Industries Corp - Ordinary Shares V.CRU

RE: News, the hard way!

[Oxyurid]

Well, at least they eventually admitted to buying into this mine. They paid for it with selling 10 million Metorex shares, that's good since it doesn't dilute us or burn any more cash. So, selling those shares should still leave us with around 18 million Metorex shares, correct? Should provide instant cash flow which should help the share price I hope (since we weren't producing any gold it sure is hard to sell us as a gold stock) since we are NOW producing gold (since there won't be any gold coming from Nalunaq until this fall). Also, I under-estimated my figures for the bottom line in relation to production cost by $75 per oz (165 [nalunaq cost] vs 240). Anyway, new calculation should add $1.84 million USD to the bottom line; that should help the cash flow and share price, I hope. Maybe this will start a persistent upward trend instead of bouncing around between 0.35-0.47. Hasn't helped the share price since the news was released today though. The question is, will gold prices remain at these levels long enough for our gold to hit the market, hence helping our share price. I guess that might depend on George. Cheers, Oxyurid