CGR 3.70% 14.0¢ cgn resources limited

i''m not sure why people take such comfort from the 7mio cash...

  1. 165 Posts.
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    i''m not sure why people take such comfort from the 7mio cash currently in the bank.

    That money is never going to be an asset that can go back to SH.

    Thats the money we gave them to drill.

    They will spend it on drilling.

    The drilling finds nothing (it would currently appear, maybe im being premature).

    We are left owning a company that has no more cash and a big piece of land with nothing valuable underneath it.

    = shares worthless
 
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