CGB 0.00% 2.1¢ cann global limited

QBL EGM, page-148

  1. 3,215 Posts.
    lightbulb Created with Sketch. 1884
    Nailed it!

    If, your instinct is to question this posters points, then I would encourage all to simply read the many years of Quarterly Reports and Half Yearly Reports etc.

    It's all there in plain sight! Skip right past the glossy photos of bauxite trucks, rail carriages and green fields of hemp etc. and read for the detail.

    "Queensland Bauxite Mining Division" - mining? Seriously - there is no mining - not likely to be either - in my view. There is an MDL - that's it.

    "The team also visited several Chinese bauxite refineries and aluminum smelters whose executives have expressed interest in partnering in the development of the South Johnstone Bauxite Project. This remains an ongoing process"
    https://docs.wixstatic.com/ugd/2e2ae5_d91c217cb7d94cef997bf58f004cea27.pdf

    And the results of this little sojourn were ...?

    And this pearl.
    "We are currently pursuing a Mining Licence (ML) at Camp Creek, which would allow us to mine and export bauxite in large quantities (50,000 t shiploads). We are currently finalising our environmental studies on surface water, ground water, dust and noise"

    Has anyone read the specs on the Mourilyan Port? I'm thinking rail infrastructure - rail gauge - stock piling facilities - you know the very basic stuff.

    https://www.msq.qld.gov.au/Shipping/Port-procedures/Port-procedures-mourilyan

    Read : Section 5 Port Infrastructure (downloadable PDF)

    And then there was Yamba thrown in as well ....... (company announcement 25 February 2016).

    Fun reading irrespective.
 
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