re: Ann: Quarterly Activities and Cash Flow R...
Cap raising at reasonable price. Introduced Private Chinese steel mill into the register. That will probably give access to debt facility in the future which will be required to get iron ore project off the ground. Cash flow to commence at end of the year which suggests this will be last of the capital raises. Management have already started to put projects in subsiduary companies( Porte Grande iron ore). suggesting that future equity likely to be raised through these entities for individual projects rather than diluting original investors share in CDG. I continue to like what management is achieving and imo even in these uncertain economic times the sp is heading north in the short to medium term Good luck with those lotto tickets Zubric Maverick
CDG Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held