Welcome to HC.
Your reference to Kagara is interesting. You'd know that Kagara was swallowed by debt, an Aussie dollar over a dollar and commodity prices at bottom levels. You'd also know that Kagara plunged millions into finding more sources for the mill, bought one of the leases for $16.5 million... But never had the chance to pull it together as the banks closed in. Unlucky for them.
Lucky for CSD... Aussie dropped significantly, commodities bottomed and climbing and picked up Kagara's research, leases and plant at a fire sale.
It's funny how CSD only sits at $20 million MC when one of their lease they purchased was worth almost that, let alone the plant or the exploration agreement.
Welcome to HC. Your reference to Kagara is interesting. You'd...
Add to My Watchlist
What is My Watchlist?