Hi all:

I just received CGP"s 2007 Management Information Cicular and financial statements in advance of the Annual Meeting on April 23, 2008 (to be held in all places - St. John's Newfoundland). 

I have not yet gone through the document in great detail, but based on what I can interpret from the financial results, I would say that 2008 is the make or break year for this company. 

For one, CGP would likely run out of cash by the end of this year if there are no major breaks (such as one of the JV partners have a major find, or Shyri gets its permet to drill, etc).  Speaking of Shyri's permit, even if the company get one, I have to ask the obvious question of where would CPP (its JV partner in Shyri) finds any money to do the drilling?  That company is basically flat broke.  With today's tight credit environment, it is not that easy to "beg, borrow & steal" any money to invest in such a high risk venture as looking for gold in Ecuador (of all places)!

Am I the only one of this opinion?  Have any of you read the document received and have a different point of view?

Love to hear everyone's opinion.