Corona Gold Corporation T.CRG

Updated NAV

[Method]

Updated NAV is 1.03/share on basic and $1.00/share on fully diluted.

[Method]

Updated NAV is 1.11/share on basic and $1.07/share on fully diluted.

[Method]

Updated NAV is 1.13/share on basic and $1.09/share on fully diluted.

[Method]

Updated NAV is 1.08/share on basic and $1.04/share on fully diluted.

[Method]

Updated NAV is 1.06/share on basic and $1.02/share on fully diluted.

[Method]

Updated NAV is 1.05/share on basic and $1.02/share on fully diluted

[Method]

Updated NAV is 1.00/share on basic and $0.97/share on fully diluted

[RockLobster1]

hi there thanks for the NAV... I assume your figures dont include Kilo purchase, do you have an estimate of the impact of that? thanks

[Method]

Yeah it closed last night, I updated the model for the KGL and all of the portfolio changes in Q1.  It was definitely the most active in a while.  They sold out of a bunch of small positions to make room for KGL, I guess. I am valuing the KGL warrants at a nickel but obviously the assumptions are key with them. The new NAV is $0.97/share basic and $0.95 fully diluted.

[RockLobster1]

well the Kilo is down from 25 to 16-20, so not a good start, but overall gold juniors are not great again... I know you follow a few of these, but not sure of all, any you think are a better buy than others?   The cash/NAV ones I have include: CRG GMN PNP AAB - the corrupt mgmt kill this one I think CRG is the best of this bunch but interested in your other ones.

[Method]

On the Kilo the 25 cents they paid reflected the warrant as well so I think it's pretty much trading in line with the issue price but certainly HUM and KGL are important to CRG investors! I think CRG is the best too in terms of value and I hope that Goodman decides to grow it through RYG etc...and become a true junior merchant bank or just takes it private.  This discount is way too big.

[RockLobster1]

Thanks for those names, I will have to look into KXM and SMD and IAM.... I had looked at SMD and almost bought... AAB - sad thing is the Bharti gang are able to put in massive change of control payouts to reward their failures.... no idea why that is legal, but it is and hurts the real NAV.   They like to show the NAV with out that albatros in order to mislead investors.  Of course it

[Method]

With AAB, I'm hoping this strategic review they have undertaken will result in some closing of the gap to NAV but I'm not sure if that hope is well founded.