support for bronze11, page-91

  1. 23,638 Posts.
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    Dmasive. People must also keep in mind that when most (all?) of the terms of those loans were being finalized, it wasn't until September 2103 that they finally announced a 1P in A4 and that was only for C17's 6 feet!
    The rest of it was "unproven" and basically still in the "contingent" class until 21 November 2013 when they announced the 2.3 MMBO 2P for A4, excluding C18 and C19.
    And Atzam4 was (is) still very suss geologically and could have crashed completely, if they had not nursed it the way that they have!!
    Try to get big money loans from anyone other than SI punters with that "collateral"!!
    CR could never have gotten cash to pay RRS and really had no choice but to use CTR shares on the lenders terms!!

    The shares they issued to RRS were on 21 October 2013 to fully pay off the money owing and the big $6 million was on 20 August 2013 to extend the storage facility at A4 and to drill A5 and they were at 2 cents!!
    All options have been issued with an exercise price of 4 cents!!
    Current S.P. 1.4 cents!!

    The latest issue of shares was on 7 April 2014 to settle in full the $450,000 still owing for the earlier than August 2013 loan for that vital working capital before they got that $6 million. It was converted to ordinary shares at the election of the Lender under the terms and conditions of the loan agreement".

    The company is completely debt free!!

    Gee, unless "someone" has got "something" that IS incriminating, I wouldn't want to be holding my breath for a satisfactory outcome on trying to prove that this mob is a rogues gallery.
 
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