CGB 0.00% 2.1¢ cann global limited

Ann: Company Update and Request for Extension of Suspension, page-31

  1. 3,215 Posts.
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    Good research @jcurve

    This was, by such a long way, the most ludicrous one of the lot - and when it was questioned many supporters hammered those who dared question the "port" facility. From memory, I don't even think it was set up to ship bauxite. However (and sadly), many posters seem to have been believing otherwise.

    "Queensland Bauxite advances South Johnston strategy with port agreement
    February 10, 2015

    Archived: https://archive.is/YCVK8


    https://www.miningweekly.com/print-...nston-strategy-with-port-agreement-2015-02-10"

    "Based on discussions with the relevant government departments, landowners, local authorities and environmental experts, Queensland Bauxite said it was of the firm belief that environmental approvals and mining leases would be granted in time to allow for production to start in the second half of 2015." (my bold)

    No shortage of "firm belief" thing is there never seemed to be much beyond that. Well ... apart from "management fee" payments to AGMPL and interest free loans to Volcan etc. And that is all, should anyone have the interest to look, noted in the published financial documents. biggrin.png
    Last edited by Basileus: 16/08/23
 
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