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Pepper70

3,213 Posts.

601

01/08/20

21:55

Post #: 46241375
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Originally posted by Basileus ↑

No quarterly - no profit - no ... (pick whatever you want)!

And cash that they went begging for - how will that be used?
If you don’t know - just remember this pearl;

”we need money to make money” - was that statement the strategic rationale for the “issue”?

Hey Neil - what did you think of the results of the cap raise?

My take - investors turned their backs on it - many posting here claimed to have thrown the docs in the bin - the whole
thing seemed utterly directionless to me!!

Still - I reckon you’ll have bought yourself a tidy parcel - no doubt!!

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Hey Bas,
Unfortunately for suffering holders there is no good news on any front and if history is any guide...there is not likely to be any real, positive news or any long term and sustainable upwards movement in the sp.

CGB Price at posting: 0.5¢ Sentiment: None Disclosure: Not Held
11 Upvote

1 Great analysis

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