"... you would be aware the asx/asic/shareholders have scrutinised and approved the deal."
Yes ... the ASX and shareholders each played a separate part in "the deal" to change the activities of a company whose previous major activity was mining and other things associated with the listing rules of the ASX. To my knowledge that re-compliance process and subsequent issuing of a prospectus for CGB would not have involved or even considered AGMPL.
CGB is a completely separate entity. Hint - that is why the loan and payments to AGMPL are classified under the 'related entity' entries in the Annual Report. That is, AGMPL is a related entity but not a subsidiary of CGB.
I would not include the ASX, ASIC and shareholders as one amorphous group when referring to the approval of any deal. By deal, I am assuming you mean the re-compliance process and the relisting of the former QBL as CGB?
The shareholders approved the resolutions to change the activities of the company and all other associated e.g. the issuance of shares etc.
The ASX ensured compliance with the listing rules - shareholders played no part in that part of the process.
I am not sure what part, if any, ASIC played in the re-compliance process - maybe you could let us know?
I hope that makes sense?
And ... "Sky's the limit" but not until we see volume". The volume comment I recall but the "sky's the limit" belonged to another poster who has since vacated the thread.
Enjoy your weekend.
CGB Price at posting:
2.4¢ Sentiment: None Disclosure: Held
