CGM 0.00% 0.1¢ cougar metals nl

I don't need to account for anything. What I see is a company in...

  1. 1,348 Posts.
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    I don't need to account for anything. What I see is a company in a partnership, working towards a JV, doing all it can to work through issues with said partner. If DNI made that process untenable after all the attempts by Cougar to maintain the partnership, then and only then do you bring it to light and explain the sequence of events. CGM were still in negotiations with DNI to obtain a drilling extension
    on Oct 30th and were granted a 20 day extension by DNI. The terms of that extension were considered to be unacceptable to CGM and then further negotiations were thwarted when DNI issued the letter of default on Dec 1st. CGM then went into a TH prior to advising investors what course of action the company was taking. The arbitrators will decide the outcome of this situation usc, not you. Cheers, E
 
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Currently unlisted public company.

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