Main points of business for CGM next 12 months... 1) Advance...

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Couchy8

495 Posts.

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23/01/18

14:40

Post #: 30501604
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Originally posted by usc75 ↑

Where's The Logic?

Distance:
* Madagascar to Brazil = 10,421 klms
* Perth to Brazil = 14,798 klms
* Brazil to Brazil = 0 klms

Project Management:
* Why not have GM domiciled in Brazil? Saves considerable time & money.
* CGM's Focus & Future = Lithium = Brazil.

GM's Other Current Commitments:
* Head of Mining & Metals, Jampur Group; plus
* Honorary Consul for Australia in Madagascar; plus
* Executive Director, The American Chamber of Commerce in Madagascar;

Cougar's New GM:
* Above are excellent credentials for a part-time (very) CGM position, based in Madagascar, if CGM does indeed end up with a 50:50 JV Graphite Project in Madagascar?
* Meantime, how much time is allocated to GM of CGM?

Conclusions:
* One, a signal and stroke of genius by CGM Board (for short term at least)?; or,
* Two, if DNI retains 100% of Graphite then a broadside at corporate lunacy as GM should be full time in Brazil?
* Three, if Point One and/or Point Two occurs then signals more and more delays, higher costs, and less commitment, to/with Lithium Project.

IMO, right now it's as clear as mud.

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Main points of business for CGM next 12 months...

1) Advance Lithium Project in Brazil

2) Keep finger on pulse re dispute with DNI Graphite in Madagascar

Enter Scott Reid... well respected industry veteran with runs on the board and expertise in both points 1 & 2.

Sounds logical to me!!!!

CGM Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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