OTCQX:CGTFF - Post by User
Comment by
AltaRounderon Jul 22, 2017 4:48pm
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Post# 26498327
RE:RE:Spin Out (US Nevada) News
RE:RE:Spin Out (US Nevada) NewsAfter the Imagold Camp Caiman fiasco the FG government went about reclassification of which lands mining activity would be allowed. D'Ore is going to be the first real test of Guiana ambitions. I am very perplexed about the NG initial mining cost submission of 80 Million. There is more to this than we are being told because I can't see Nord trying to game the system. I wonder if it was maybe suggested to Nord to submit this way.? I see the spinoff as very logical coming from Guistra's finance background and status of current assets. Regardless of any buyout from the FG side the Bolo and Eastside properties need much bigger drilling plans if CGT wants to keep investors interested. It will be interesting to see how much they raise on the private placement. We aren't sitting around paying this group to drill 8 holes a year - going forward. While they do seam to be changing gears they need to pick up the pace because Nord been doing all the work since January 2016. Glta