CGB (ASX) Ann: Suspension from Official Quotation

Originally posted by Neil1959 ↑

It was Elvis actually, I don't have the hip movements or the glasses.

I have spoken with QBL mgt this morning, and to answer one poster's questions:

Yes, I am a shareholder, and yes, I am engaged by the company.

Regards today's ann's and the posts in the room.

Responses and emotion are normal and to be expected at this time. You cannot stop people from venting. The company understands that people will blow off steam for a while, but there is a back story and that will be seen in the coming days ahead.

There is more to come that will put this into proper perspective and the management has a well laid out plan. We know and understand that the market will only voice its opinion on what it knows at any given time.

With regards to the material news that the Company initially went into a trading halt for, that news is still being drafted, the ASX has requested some edits, and it will be released as soon as approved for release by the ASX.

As mentioned in a recent post, the company is prepared for the criticism but is getting on with the job of future protecting the long-term interests of the company and its shareholder interests, even if some are having difficulty with seeing that today.

Please watch for further announcements that will continue to tell the story of the great businesses that the company management is continuing to build for QBL.

Cheers.

Neil1959
HC QBL rep
QUEENSLAND BAUXITE LIMITED

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I do hope these promises come to fruition Neil, for the sake of shareholders and for the sake of the company.
There is so much untapped potential here on a market yet to become massive, but no doubt will become massive. Unfortunately I believe the directors have too much of a reputation in the market, and in reality, the ridiculous price paid for MCL, valuing it as 60 million dollar business when it had yet produced any meaningful revenue is a big reason why the sp is where it’s at.
Think about this, picture Andrew going onto shark tank, having to tell them that the first crop they planned to harvest 500t from only produced 80t, the company is yet to produce any serious revenue besides 30 something thousand in the first quarterly and from what I saw not much more this quarter. He then goes onto value his business to them at 60 million dollars. Can you imagine the reaction? It is ridiculous and if the MCL deal was something even slightly reasonable then imo QBL wouldn’t be in such dire straits sp wise.