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I think that a market cap of $200-300mil for CGB is quite fair and reasonable! What do you think?"
I think that's one the more overly optimistic things that I have read about CGB in quite some time. Well ... you did ask!
Are your seriously suggesting a MC of $300,000,000.00 for a company that loses money, year after year, after year, after year?
If, you spend about ~30 minutes reading the financials and previous reports, I think it is reasonable and fair to conclude that the one thing that appears to drive decision making is the dollars that flow into CGB's bank account.
I also think that the share registry is merely a vehicle to support and sustain the bank balance. And why does the bank balance take priority? Maybe because cash is needed to make sure that there's enough to pay the 'management services agreements', 'geologist fees' and the like (to related entities) and other such payments? Maybe?
The wealth destroying ravages of share dilution, upon the existing holdings of hopeful holders, seems to run a far distant second to cash accumulation - in my opinion. Ask yourself why?
The poster who claimed they purchased shares on Friday on a whim is, I think, representative of the gambling mentality that pervades the ASX and particularly at this end of the market. Making an investment in shares based on a "whim" - well that's one strategy ... I suppose. I think that it is
manna from heaven for some and something entirely different for others.
My prediction is that this latest TH will be an opportunity to dump ... for some. If, the track record suggests anything, it is that substance will be vague and the promise (usually couched in terms of the future promise) will be prominent.
When do you think we will see the first announcement regarding increased sales and or binding agreements with other companies that will drive sales and profits?
A, "
material regulatory milestone". Tuesday is the day - why? Surely, a regulatory change made by a legislature (somewhere) can not require a 3 day TH?
A commercial agreement between two or more companies might require time to be finalised and or signed off - hence a 3 day TH.
However, a regulatory change? Somewhere it must be public knowledge already? A regulatory body would not be making changes to regulation to suit any particular company and the workings of legislatures are public knowledge . So, I think it is fair to ask, why is there a 3 day TH?
Ok ... so let's see what that "material regulatory milestone" will be!
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Sell the news ... buy the rumour." Perhaps, that maxim might be especially relevant to the person who purchased on a "whim" recently.
