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Cameo Industries Corp - Ordinary Shares V.CRU


Primary Symbol: CRUUF

Cameo Industries Corp is mainly engaged in the business of exploring and developing mineral properties. Its projects comprise of Willa Project, Carrizal Cobalt Project, Montreal Cobalt Project and Big Mac gold project among others.


OTCPK:CRUUF - Post by User

Post by Oxyuridon Feb 26, 2004 1:36pm
93 Views
Post# 7123144

Earnings & exploration(?) results

Earnings & exploration(?) resultsNot bad earnings, about what I expected, but I'm confused a bit, not surprisingly. From an earlier NR: "A regional exploration campaign was conducted on several targets in the Nanortalik area during the summer of 2003. In addition to 930 metres of core drilling, 304 sediment samples and 406 rock samples were collected. Samples have been submitted for assaying in Canada, and the results are expected before year-end." and from this NR: "Planning is under way for a follow-up exploration program on both Lake 410 and Niaqornarsuk based on last summers encouraging exploration results." What results and exploration program? Isn't that material info and disclosure required? Exploration got me to thinking about Hwini Butre. Whatever happend to Hwini Butre? Did we extend the lease date to St. Jude? What happened with the drilling program at Hwini Butre, results, etc? Hard to tell with this NR, but are they cash flow positive as they stated earlier: "Crew is forecasting a positive cash flow to be reported in 2004."? Used a huge wad of cash from the bond issue. More questions derived from this NR than I would have liked to see, oh well. Need something to move this stock further, we're stalled and not going anywhere since nothing material is being released like exploration results, unless of course... GLTA Cheers, Oxyurid
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