CGR 3.70% 14.0¢ cgn resources limited

Ann: Webb Project Drilling Update, page-241

  1. 134 Posts.
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    Its hardly comical top gun. These are its two most prospective drills given the first one didn't land. If they don't find anything, there isn't much upside here. It will obviously get sold off as a result. Don't get me wrong, I am a significant holder and have lost money on this one, but I am also a realist that alot hinges on these next results. Don't be naive. What you value this at, and what the market values the EV can be very very different. The only thing I am holding on to is an ENR like chart, where this comes good over time.
 
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