This placement was super tight and in heavy demand. I was offered to participate but did not as the amounts offered were low so stayed out as have a significant position here already. The fact the placement was done quick and only a smallish amount suggests CGM are very confident with what is unfolding on our projects and just wanted a quick cash hit to go full steam ahead on drilling the graphite project and continuing works at the Brazilian lithium project. Management hold a load of shares so they diluted very low to go full steam while teh market is hungry for these battery metal assets we hold.
CGM Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held