CGB 0.00% 2.1¢ cann global limited

The plan is to export it for processing in China. Not sure what...

  1. 3,871 Posts.
    lightbulb Created with Sketch. 3205
    The plan is to export it for processing in China.

    Not sure what the financing requirements would be.

    Hypothetically if a binding offtake is secured, any capital raise proposal can be measured by shareholders against the financial benefits of the offtake/offtakes.

    A fantastic problem..nay..An amazing problem to have to contemplate.

    If we don't start generating decent revenue soon though I wouldn't be against shelving our bauxite ambitions until we can afford them.

    The wages/expenses being paid for this needs to stack up.

    We also have a $1m drain on expenses to Israel that had better reap some reward. It's one decision I'm struggling to make sense of given we are not producing the revenue to back up such another ambitious project. Sure if it comes off we are probably a multi billion dollar market cap company but it was a bold move under our current financial circumstances.

    I just need to see some revenue to settle any concerns I have.
 
watchlist Created with Sketch. Add CGB (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.