"1/ show that you are bad and useless people."
I am not sure they can be characterised as useless. The BOD and others are being paid and have been for some time now.
"2/ shut down the business."
It hasn't happened yet. This has been going on since the days when CGB was known as AGV. I think that was primarily a gold and precious gems play. ML1492 formed a part of the precious gems side of things but that was offloaded to Volcan (related party) for a sum of $1.2 million. That has not been paid to CGB as yet - despite the fact that this occurred in 2010. Volcan still retain beneficial ownership of ML1492.
"In addition AGV will sell its interest in ML1492 which contains an alluvial sapphire mining project to Volcan in consideration of Volcan paying to AGV $1.2 million in cash within 24 months of AGV receiving shareholder approval for the disposal."
do not advertise external links.au/companies/news/161383/australian-gold-investments-to-acquire-additional-queensland-bauxite-projects-11673.html
Enjoy the read.
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