CGB (ASX) QBL EGM

Originally posted by Basileus ↑

Nailed it!

If, your instinct is to question this posters points, then I would encourage all to simply read the many years of Quarterly Reports and Half Yearly Reports etc.

It's all there in plain sight! Skip right past the glossy photos of bauxite trucks, rail carriages and green fields of hemp etc. and read for the detail.

"Queensland Bauxite Mining Division" - mining? Seriously - there is no mining - not likely to be either - in my view. There is an MDL - that's it.

"The team also visited several Chinese bauxite refineries and aluminum smelters whose executives have expressed interest in partnering in the development of the South Johnstone Bauxite Project. This remains an ongoing process"
https://docs.wixstatic.com/ugd/2e2ae5_d91c217cb7d94cef997bf58f004cea27.pdf

And the results of this little sojourn were ...?

And this pearl.
"We are currently pursuing a Mining Licence (ML) at Camp Creek, which would allow us to mine and export bauxite in large quantities (50,000 t shiploads). We are currently finalising our environmental studies on surface water, ground water, dust and noise"

Has anyone read the specs on the Mourilyan Port? I'm thinking rail infrastructure - rail gauge - stock piling facilities - you know the very basic stuff.

https://www.msq.qld.gov.au/Shipping/Port-procedures/Port-procedures-mourilyan

Read : Section 5 Port Infrastructure (downloadable PDF)

And then there was Yamba thrown in as well ....... (company announcement 25 February 2016).

Fun reading irrespective.

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Bas. I am quickly realising the real issue here is a combination of willful ignorance and a reluctance to actually follow and read the links you post.

How could any rational person have this knowledge and still say with a straight face "nothing to see here"?

Easier to sleep not knowing I guess.

For those prepare to actually do the often pronounced "DYOR" I believe they will support my actions in the end. It's just a matter of time and I have all the patience in the world. Will shareholders money last that long? That remains to be seen.