CGB cann global limited

Value impact !! lets talk cents !!, page-95

  1. 3,219 Posts.
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    Correct - I traded it in 2014 from 2.4c to ~6.8c - some very good dollars.

    I actually thought the bauxite thing might be a genuine opportunity. Then I started to read posts by Happycats (didn't like his posting because he was interrupting my Disallowed dream). However, he seemed to have a level of genuine knowledge and questioned some of the fundamentals of their claims. I pursued some of what he was on about and then formed my own doubts.

    And 4 years down the road still no material movement on the South Johnstone project. None. And whatever reasons are offered - imagine buying back in 2014 based on the bauxite 'promise'. You wouldn't be feeling well disposed to believe everything that management have to say.

    Last I recall - they were planning on building roads and things across private farming land and then there was a port to be built etc. Zip!

    I have learned a lot since then about the spec end of town as a result.
 
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