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Basileus

2,158 Posts.

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21/03/19

00:15

Post #: 37831720
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Originally posted by BigDaniel: ↑

Communication has been limited.

My feelings are that management have concluded that it's less important what's said now but more critical what's said or done around the eventual lead up to re-listing.

When this will be? That's anyone's guess honestly.

I'm not condoning this or criticising this lack of communication.

Reality is regardless of sentiment towards this stock or the prolonged suspension there is actually very little we can do but wait as shareholders.

Management are probably very aware that words now will do little to amend any damage caused by the prolonged suspension nor can shareholders holding this sentiment act upon their displeasure.

It's very much a stalemate outside of the capital raise.

If management can project a clear business model & plan with strong prospects of generating meaningful revenue around the time of re-listing all will probably be forgotten. We do need to come out swinging.

Even the most disgruntled or supportive shareholder should be watching all indicators & development's right up to the last second when they actually can make an informed investment decision & have the capacity to act on that information, ie re-trading.

There are both the direct indicators I'll be watching for, ie a clear business model & plan. Have we progressed our harvests at all? Do we have any reasonable prospects of generating revenue over the next 12-24 months? Are we moving forward?

Then there is the macro environment, the global & domestic economy.

What is the reserve bank doing? What is unemployment doing? Wage growth? What is GDP growth doing for the quarters?Residential/commercial building sector?

What's unfolding with Brexit? China & Trump trade?

I'm not an economist but outside of the basic CGB health indicators which will be different for everyone what effect is the global economy going to have on CGB?

If CGB is dragging it's feet on revenue than global conditions could hit the sp hard, if revenue is growing than CGB can potentially weather these external conditions better.

So many things to wait for and watch.

It's a hold for me. I'm still hopeful but it's really just a wait & see what CGB do next.

Best of luck to everyone.

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"Then there is the macro environment, the global & domestic economy.
What is the reserve bank doing? What is unemployment doing? Wage growth? What is GDP growth doing for the quarters?Residential/commercial building sector?
What's unfolding with Brexit? China & Trump trade?
I'm not an economist but outside of the basic CGB health indicators which will be different for everyone what effect is the global economy going to have on CGB?"

Wow ... not sure if that is a result of suspension fatigue ... or something else. As I read that the overwhelming thought was ... relevance??

How is what you have written re the "macro environment" relevant to CGB?

CGB Price at posting: 3.7¢ Sentiment: None Disclosure: Not Held
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Response from CGB, page-411

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