CGM 0.00% 0.1¢ cougar metals nl

Ann: Trading Halt request , page-11

  1. 9 Posts.


    I was reviewing the CGM haulage video again,and
    something odd stood out, which was at the 0.17 min
    mark,the sign states " ELEVADOR carga maxima 400kg ou
    5 perssoas" which i assume means elevator maximum
    cargo 400kg or 5 persons.

    So the question remains, how can they claim they are
    hauling 1tonne of ore per load when the maximum
    capacity of the lift is only 400kg ???? Also look at
    the 6.48min mark, where they state 1t of ore unloaded
    in 25 seconds. Correct me if i'm wrong. Any thoughts?

    Even if we mangage to secure funds, will it be used to
    resume trial mining, at a loss??

    Continue exploration, and have to wait over 6 months
    for assays ? and then have found nothing of
    significance?

    Buy more rigs on the assumption that work will be
    there? and then fizz out ? and also have to deal with
    more customs delays?

    Resume leaching and then realise the problems havn't
    been resolved after the money's dried up?

    Or is it just to keep the lights on and pay
    salaries?

    i dont like to sound pessimistic, but SH have been
    more than patient thus far, and have had our
    investments vaporised. We have to be more
    skeptical/critical to the conduct of management.


    GLTA









 
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