Bought this one early on, and many changes along the track.....Gold Aura, Gold Anomaly, Crater, death of very good Peter Mcnab, graphite in Qld., island prospects, loss of value of investment, etcetera ad nauseam.
Perhaps as Freefire/Chan equity continues to grow maybe they take it private, and/or a large (probably Chinese) partner for the MZ. I don't think money is a motivator for the issues as much as the opportunity to underwrite short falls, thereby increasing their equity. I feel Crater is just a vehicle now, for much greater things.
Isn't the name ironic: Nevera (prospect). But someone will make serious money on this one, but the question is.....who will that include?
It could, on the other hand, go well for all, but the minority holdings -getting smaller by the day - are the worry.
Have a nice day.
CGN Price at posting:
6.0¢ Sentiment: Hold Disclosure: Held
