MXC was formally Erin Resources and changed from mining to...

First 108 Last

Share
Profile

Follow
Mudcrabmadness

233 Posts.

131

12/07/19

19:11

Post #: 39501139
Share

Originally posted by Luke164: ↑

What I meant is transitioning from Gold to Bauxite was still all within the 'mining industry' category & they did not bring anyone external to the company for new knowledge. Very simple.

The transformation to cannabis/hemp has brought on board to the group new acquisitions, AK, John Easterling, the Edwards Family, Medcan/Biohealth, new directors/secretary etc to name a few, as well as a full industry change.

The comparison between the two transformations the company has undertaken is apples and oranges.. like saying that a retailer going from clothing to toy retailing is the same as a retailer going into professional services.

No other mining explorer has been, nor will they even be, allowed to make this transformation between the two industries by the ASX. I would assume the complications involved in CGBs process would enforce that decision.

That being said, I do personally believe we are not far off.. Exciting week ahead - with hopefully gains for those who are invested & clearing out of the riff raff - and by riff faff, I mean the nigglers posting for the sake of complaining, not those with factually based views; be it positive or negative!

Expand

MXC was formally Erin Resources and changed from mining to cannabis late 15 early 16, so yes it’s been done before

CGB Price at posting: 3.7¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

SXG

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

CC9

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

AL8

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

FEX

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

There are more pages in this discussion • 20 more messages in this thread...

First 108 Last

Add CGB (ASX) to my watchlist

MXC was formally Erin Resources and changed from mining to...

Top Stories

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

Featured News