Australia's largest stock trading and investment forum Australia's #1 stock forum

CGB

0.00%

2.1¢ cann global limited

Thanks for your input Prometheus.

First 36 Last

Share
Profile

Follow
Ex Oyster farmer

543 Posts.

152

10/07/19

21:51

Post #: 39465472
Share

Originally posted by prometheus13: ↑

It's an interesting stock, I don't think anyone could deny that. Certainly the most interesting one I've came across on Hotcopper. I've followed it since it was the flavour of the month (back when MM and hemp were in the public eye) and it was one of the most commented-on stocks.

Since then I've just happened to come down on the side of the fence that thinks a bit more critically of management, based on their prior decade of performance which other posters have pointed out - large amounts of investor capital lost and diluted from the complete lack of progress of bauxite - plenty of perceived reasons why (poor grade, no infrastructure, no Chinese interest after multiple taxpayer funded trips to China).

And add the last however-many months that they have struggled to meet deadlines, struggled to complete administration tasks to the ASX's satisfaction, pumped out 13-odd prospectuses, raised further capital from investors who have probably lost track of what they're paying for, releasing quarterly reports either late or not at all (Mar 19). I mean you have to admit the list of questionable delays is now pretty long.

Just a curious observer, you can label me a "downramper" etc etc but with no skin in the game I've followed both sides, just happened to come down on the one you don't agree with. No biggie. If I'm wrong you can laugh all the way to the bank, so it shouldn't be skin off anyone's nose I wouldn't have thought

Expand

Thanks for your input Prometheus.

CGB Price at posting: 3.7¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Largest drill campaign to begin: Saturn Metals at Diggers & Dealers

From the Floor with Kim Beazley at Diggers and Dealers 2024

Revolutionary inverter technology leads the clean energy charge

Astute sniffs 1,260 ppm lithium and thick mineralisation in Nevada

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024