How to buy CGN Resources (CGR) shares

Want to start buying CGN shares, but not sure how? Follow the steps below to invest in CGN Resources on the ASX.

1. Find a stock trading platform

To buy shares listed in Australia, you'll need to sign up with an investment platform that has access to the ASX. There are a number of share trading platforms in Australia, of which Stake is one.

2. Fund your account

Complete an application with your personal and financial details. Fund your investment account with a bank transfer, debit card or even Apple/Google pay.

3. Search for JCGN Resources ($CGR)

Find the share by company name or ticker symbol: $CGR. Do your own research to ensure it is the right investment product for your own circumstances. Consider seeking financial, legal and taxation advice before investing.

4. Choose an order type and buy CGR stock

Buy on any trading day with a market order or use a limit order to delay your purchase of CGR shares until it reaches your desired stock price. Look into dollar cost averaging to consider spreading out your risk, which smooths out buying at consistent intervals.

5. Monitor your investment

Optimise your portfolio by tracking how your stock and the business perform. You may be eligible for dividends and shareholder voting rights that affect your stock.

CGN Resources overview

With funds from its ASX IPO, mining exploration company CGN Resources ($CGN) is intending to undertake studies on its land in the West Arunta region of Western Australia (WA). The land measures 948 square kilometres and lies close to the border with the Northern Territory. The firm has also received funding from the WA Government Exploration Incentives Scheme for its activities. 

The company has identified six targets as priorities for further investigation at their Webb Project. Traces of copper, nickel and rare earth elements have been found at the site in previous drilling campaigns. The area has kimberlites, a type of rock in which diamonds have been found. 

Several other companies are exploring nearby, including WA Resources ($WA1) and Encounter Resources ($ENR). Large miners IGO Limited ($IGO) and Rio Tinto ($RIO), through an agreement with Tali Resources, also have interests in West Arunta. 

CGN’s next steps are to undertake further geological studies and drilling to provide samples for testing. The Webb Project is at an early stage and the results from this work will determine its future potential and may affect the share price. CGN Resources is now available to trade on Stake under the ticker CGN.

CGN Resources (CGR) IPO details

CGN Resourceshas filed its prospectus with the Australian Securities and Investments Commission (ASIC) in order to be listed on the ASX using the ticker symbol CGR. Read more in the CGN Resources prospectus.

You can take a look at the top shareholders in CGN in this document.

Be ready to invest in the CGN Resources IPO, sign up today.

This does not constitute financial advice nor a recommendation to invest in the securities listed. The information presented is intended to be of a factual nature only. Past performance is not a reliable indicator of future performance. As always, do your own research and consider seeking financial, legal and taxation advice before investing.