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CGB Price Discussion Thread, page-82

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GoldDigger!

302 Posts.

169

03/03/20

07:42

Post #: 43270435
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Originally posted by Basileus: ↑

"I respect your opinion Bas and can say absolutely I would not have entered with hindsight in either cannabis or Li there is a clear rationale to buying an established profitable business"

Thanks @mechanic

Many of us will have all taken a punt on companies and industries that might make a genuine go of things and they might not.

I bought into the fertiliser (phosphate) hype back in 2007. That's the nature of the small cap market. And I have also held one or two Li stocks as well. I have also bought a cloud based computing stock for my SMSF that went from my buy in of around $1.35 - $1.65 ish (have bought a couple of parcels along the way) to currently $7.89

And sure, things can fail for all sorts of reasons. However, I think that there are small caps taking people's money via many cap raises and expending relatively large slices of those funds on related party transactions.

Seriously, why is CGB still paying geologists fees? The same person has been collecting fees ... for how long now?

Exorbitant rent and loans to related parties (all noted in published financial docs) - I ask how much and for how long?

Why don't some of the starry eyed holders do the same - it's their dollars after all.

Slurp the Kool Aid by all means but at some point you will have to burp and realise that there's a of of gas behind the Kool Aid!

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Basileus, when I attended the EGM, prior to overwhelming votes to transition from QBL to CGB, I spoke with the Chairperson. I can tell you where this is going. As close to zero as possible, so a consolidation buyback can occur.

This is my humble opinion only.

CGB Price at posting: 1.0¢ Sentiment: None Disclosure: Held
6 Upvote

0 Great analysis

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