By Nigel Somerville, the Deputy Sheriff of AIM | Thursday 27 February 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Of course there is insolvency as far as the law is concerned, and insolvent in that there isn’t enough cash to pay the bills but AIM-listed Conroy Gold and Natural Resources (CGNR) had not the cash to pay its bills, but still goes on. The interims to last November 30 show that it clocked up a pre-tax loss of EUR 278,000 and had negative net current assets of a stonking MINUS EUR 3.7 million!
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