Replies to post #56539 on CGrowth Capital Inc (CGRA)

[Prudent Capitalist]

Seriously?

The dolomite was surveyed. How much do you think 505 million cubic yards of dolomite would be worth? It is a huge asset for us, and maybe the next bond will be used to monetize that asset.

CGRA has reportedly been selling huge amounts of dolomite for years - anyone who has followed it here saw all of the eye witness reports of truck load after truck load of sold dolomite (trucks lined up bumper-to-bumper hauling dolomite out of the Stevens County, WA facility) throughout 2014 starting in February and March of 2014 and through the Fall of 2014 - yet we have never seen any of those reportedly ongoing huge dolomite sales reflected in the Fins. So, hard to understand the suggestions now that CGRA needs funds to monetize the dolomite assets.