$2 million loan facility provided by Freefire in March, 2022. Talk about skin in the game - they own about 83% of the company (they just about could have listed all their share holders in this annual report LOL). See this drilling as a "Hail Mary !" & not sure about the ongoing trading halt / possible acquisition / direction ??? Maybe a ticket in this weeks $160m powerball is a possibility for strategy for this company ! Have kept this in my bottom or nearly missing drawer for a loss if it ever starts trading again.
On a positive note or looking at a glass with some water starting to make some tracks, I do like the area they are in & some of these drill targets do appear to be worthy of further exploration as recommended by their consultants. Maybe they also have a current application for a collaborative exploration grant in motion ? Good luck with what unfolds !!
CGN Price at posting:
1.7¢ Sentiment: None Disclosure: Held