Are these the same people who rolled the CTN board? Something...

First 6 Last

Share
Profile

Follow
AllFuelledUp

4,783 Posts.

148

26/09/17

22:00

Post #: 27475374
Share

Originally posted by Dumas ↑

Yoda. As you have posted, company announcements to the market via ASX should be factually correct. And if not, or if facts change significantly, then a replacement announcement should be be given to ASX to keep the market properly informed.

The Investor update released by CGA on Aug 22 could be easily classified as " suggestively accurate" and putting the "most positive face on past growth and future expected growth".

The most recent advice in last two days of the loss of significant institutional mandate(s) means the growth rates stated and/ or projected in that release 5 weeks ago have now been totally reversed with FUM now $60m less than the original prospectus levels of May 16. And as a result, revenues would also appear to be now closer to the prospectus level of $5.3m pa.

Based on the 4C's over the last 12 months, these new nos suggest a current cash flow shortfall of $3m pa.

ASX was advised, a revised Appendix 4E will be prepared and released.

No doubt CGA will also shortly post an ASX advice clarifying the updated facts ( FUM, Revenue Run rate, compared to the Aug 22 release - Investor Update - for both their shareholders, and to keep the market fully informed

DYOR

Expand

Are these the same people who rolled the CTN board? Something something we are better than them.

Remind me why the old board was removed again?

CGA Price at posting: $1.00 Sentiment: Sell Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

HotCopper Highlights: Your most watched stocks for Week 48, 2024

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ADD

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

There are more pages in this discussion • 1 more message in this thread...

First 6 Last

Add CGA (ASX) to my watchlist

Are these the same people who rolled the CTN board? Something...

Top Stories

HotCopper Highlights: Your most watched stocks for Week 48, 2024

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Resolute shares bounce back as second payment made to Mali government to secure workers' release

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia