A few Thoughts from a long term Contrarian poster.
In My Opinion Looking at the Cash burn in the Last Quarterly , if the cash burn continues at this rate there will will be a substantial Cap Raise required early in the new Year to bolster the Companies Finances.
Again in my Opinion if the share price stays around this level (1.7c) when a Capital Raise is required, it would not look as attractive to new potential investors to participate at that price, but would be far more attractive if CGB did a 10/1 Share consolidation thus carrying out a Cap Raise with a share price around 17c per share, looks good on paper.
Every company I have held that has done a share consolidation all it has done is given the share price room to fall farther.
New investor Research, Read threads going back many years to help you gain a clear picture of how any company you are going to invest in is really Traveling, again just my thoughts not advice of any kind.
BEWARE OF POSTERS THAT ONLY PAINT A POSITIVE VIEW OF A STOCK.
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