CGR 1.25% 8.1¢ cgn resources limited

Ann: Webb Project Drilling Update, page-78

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 12,670 Posts.
    lightbulb Created with Sketch. 2578
    Crazy reaction yesterday!

    No one actually knows what the assays will reveal for Target 1.

    The way some people were carrying on, i thought the world had ended.

    CGR have just begun their extensive exploration and drilling program!!! There is a long way to go. Some people acting like its all over after one drill hole......lol

    Target 1 is complete for now until assays are recieved.

    They are now drilling Target 2 and then will move straight onto Target 3. Therefore plenty of news to come.

    They will prepare pre collars for Targets 4 and 5 also, in preparation for some diamond holes.

    Target 6 will happen later this year.

    We are back to IPO price of 20c but now we are in full exploration mode.

    Plenty of cash in the bank of $8M which means we are fully funded for the next 12-18mths.

    $20m-$22m MC with $8m cash = $12m -$14m EV makes it look cheap to some of its peers now!!

    Well done to all the buyers snapping up the shares at 20c!

    Lets look forward to some positive news from Targets 2 and 3 now.


    upload_2024-5-22_19-23-22.png
 
watchlist Created with Sketch. Add CGR (ASX) to my watchlist
(20min delay)
Last
8.1¢
Change
0.001(1.25%)
Mkt cap ! $7.353M
Open High Low Value Volume
8.1¢ 8.1¢ 8.1¢ $162 2K

Buyers (Bids)

No. Vol. Price($)
1 10000 7.8¢
 

Sellers (Offers)

Price($) Vol. No.
8.5¢ 110000 2
View Market Depth
Last trade - 15.01pm 04/10/2024 (20 minute delay) ?
CGR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.