Ann: Market Update, page-36

First 36 Last

Share
Profile

Follow
Ex Oyster farmer

543 Posts.

152

10/07/19

21:51

Post #: 39465472
Share

Originally posted by prometheus13: ↑

It's an interesting stock, I don't think anyone could deny that. Certainly the most interesting one I've came across on Hotcopper. I've followed it since it was the flavour of the month (back when MM and hemp were in the public eye) and it was one of the most commented-on stocks.

Since then I've just happened to come down on the side of the fence that thinks a bit more critically of management, based on their prior decade of performance which other posters have pointed out - large amounts of investor capital lost and diluted from the complete lack of progress of bauxite - plenty of perceived reasons why (poor grade, no infrastructure, no Chinese interest after multiple taxpayer funded trips to China).

And add the last however-many months that they have struggled to meet deadlines, struggled to complete administration tasks to the ASX's satisfaction, pumped out 13-odd prospectuses, raised further capital from investors who have probably lost track of what they're paying for, releasing quarterly reports either late or not at all (Mar 19). I mean you have to admit the list of questionable delays is now pretty long.

Just a curious observer, you can label me a "downramper" etc etc but with no skin in the game I've followed both sides, just happened to come down on the one you don't agree with. No biggie. If I'm wrong you can laugh all the way to the bank, so it shouldn't be skin off anyone's nose I wouldn't have thought

Expand

Thanks for your input Prometheus.

CGB Price at posting: 3.7¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

RCE

Recce's R327 found effective against E.coli during clinical trial

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Microcap Wrap: 5 explorers with news out today

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

There are more pages in this discussion • 309 more messages in this thread...

First 36 Last

Add CGB (ASX) to my watchlist

Ann: Market Update, page-36

Top Stories

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Recce's R327 found effective against E.coli during clinical trial

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Microcap Wrap: 5 explorers with news out today

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Ava Risk Group expands US presence with A$0.7M Substation Deal

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Featured News