focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I've been invested in CDL for the last year and a half. There has literally been no activity and very few updates from the organisation throughout most of 2023, and we were down to 0.35 just over two weeks ago. I suspect that's why Kyler might have resigned or been (ousted). I'm welcoming the recent activity, change of CEO and RNS update, as some news is better than no news. From what I've read, Andrew has a lot of experience getting organisations through the initial development stage and with raising finance. Although the convertable loan announced yesterday was maybe not the best financing deal, at least it shows some activity is taking place and Andrew is finally trying to move some of CDL's projects forward. There were a lot of blues this afternoon, so hopefully some progress can can continue taking place over the next couple of weeks and investors see the potential in this stock, and how cheap it currently is.
If other shareholders let me know how many shares they hold, I can contact Cloudbreak Discovery to request holding a general meeting, where we can request an update.
I have currently had four shareholders come forward, holding a total of approximately 5708,500 shares.
We need to get to (29,775,098) shares, which is 5% of the total shares outstanding, which will require Cloudbreak Discovery to legally hold a general meeting.
If you want please contact me privately with your full name and number of shares to naila3000@hotmail.com and I will keep a tally.
If other investors can kindly come forward. Based on the number of Cloudbreak Discovery shares outstanding (595,501,976), we need 5% of shareholders to come forward (29,775,098).
Based on my shares (1,700,000) and the two shareholders who have come forward, noisey1 and GMT83, we are currently at 5,514, 655 shares.
According to the legal rights of shareholders, Company directors must call a general meeting if they receive such a request from shareholders representing at least 5% of the organisation. I currently own 1,700,000 shares. If enough of us join up to cover 5%, CDL will legally be required to hold a meeting for shareholders. I suggest this is done, as Kyler owes us an update.
G2 share up 33% today, which is good new, as they are issuing Cloudbreak over 16 million shares as part of its recent updated debenture agreement.
https://www.proactiveinvestors.co.uk/companies/news/1011131/g2-energy-settles-differences-with-cloudbreak-discover-outlines-new-debenture-repayment-deal-1011131.html
its recenthttps://www.google.com/search?q=g2+energy+corp+share+price&oq=g2&aqs=chrome.0.69i59l3j46i67i131i199i340i433i465i650j69i60j69i61l2j5j46i67i175i199i650j46i67i131i340i433i650.1411j0j4&client=ms-android-ee-uk-revc&sourceid=chrome-mobile&ie=UTF-8&chrome_dse_attribution=1
Interesting article on the project generating model:
https://www.google.com/amp/s/investingnews.com/amp/prospect-generator-model-resource-exploration-2655262439
Hopefully there won't be any drawbacks any time soon. According to the results, they raised £500,000 in first half of the previous financial period, and also received a royalty payment from G2. I'm hoping this is enough cash to move forward with their projects, and no further draw downs are required.
Financial results posted:
https://www.proactiveinvestors.com/companies/news/1010858/cloudbreak-discovery-reports-on-transformational-period-in-first-half-results-1010858.html
They're getting paid by G2
https://www.google.com/amp/s/www.marketscreener.com/amp/quote/stock/G2-ENERGY-CORP-39143200/news/G2-Closes-Non-Brokered-Private-Placement-and-Settles-Debt-43311184/