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

CGM

Click for more information

0.00%

0.1¢ cougar metals nl

Ann: Quarterly Activites Report-CGM.AX, page-3

First 3 Last

Share
Profile

Follow
usc75

7,026 Posts.

181

01/08/16

09:29

Post #: 18413319
Share

Originally posted by Megagene79 ↑

Quarterly drilling business revenue up by 100% from previous quarter and the best quarterly revenue performance for the drilling business since the quarter ended 30th june 2014. With mining confidence picking up especially in the gold sector Brazil is the perfect place to take advantage of the ramp up in drilling services required. Should see CGM drilling business revenue increase well now through next quarters. Any news that flows on the suspension of works on the Canadian exploration project lifted with KPM complying with the arbitration orders should see CGY start on a re rate. Also payment of moneys owed of US$ 1.2 mill by Tauari Holdings Ltda for Brazil mining assets sold or news on the Pyke Hill nickel/cobalt assets should see a swift turnaround here. With drilling revenue increasing rapidly now and with potential for news on a number of fronts on other assets and moneys owed this has significant room to multibag with a tight register. I believe they are also looking at other possible acquisitions with an eye back in Brazil with drill rigs they can utilise in explorations works. This could be a beauty once back in favor with the market.

Expand

All very Positive news...

Agree on "re-rate"...it's only a matter of timing?

CGM Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

SS1

Sun Silver finds up to 524 g/t silver through pXRF readings in Nevada

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

EXR

Elixir winds up QLD operations with five of six zones flowing gas; future production locked in

AKO

Madagascar mining minister expresses support for Akora's Bekisopa iron ore project

LMS

Litchfield boosts its copper, base and precious metals footprint in the NT with acquisitions

There are more pages in this discussion • 15 more messages in this thread...

First 3 Last

Add CGM (ASX) to my watchlist