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24/12/14
09:18
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Originally posted by gassed
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At last. Will spend a bit more time reading before commenting, but, IMO, looking at the timing of the ann (after close WA time) and the very deep involvement with RRS, confirms in my mind that this deal was close to a last resort and that RRS at least will be very happy with the outcome.
To be absolutely frank, I really don't want to have anything whatsoever to do with RRS and to think that they can still sell 200 million more of our shares by next February could just be seen as another overhang seeing what they did with their other CTR shares.
What sense does it make that RRS have been trying so hard to divest themselves of "non core" assets and liabilities, yet potentially retain relatively small interests in CTR and Guatemala? IMO, puts A#5 front and square to get the SP as high as possible as quickly as possible!!!!
But, one step at a time and one bet at a time. I'm just interested in the reaction to the funding, which, really is all I wanted to see. Re-commencing testing of A#5!!!!!
The rest of it is highly problematical for mine and I'll see anything from Texas as a bonus to the Guatemala assets which IMO is still CTR's "company maker".
But, all the veggies that have been thrown in with the roast has made it far more complex than it could have been. Again, confirming how difficult it has been for a company with a market cap of less than $2 million and a S.P. of .001 Buyer to raise enough cash to further their Atzam programme.
I'm also disappointed that the announcement didn't have a "comment to shareholders" from Brett just to "clarify" and "simplify" it a bit more for us less technically gifted shareholders.
But, MUCH better than we were yesterday and let's now watch closely when A#5 resumes and becomes productive and maybe still from C18??? Surely Brett will tell us when that happens!!!!
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One of your better posts Gassed, totally agree. Great that the 'technical' review will be finished now (idk how they can still justify calling it that) and testing will re-commence but why we gave away another ~15% of the company to Range for assets we don't need when they had just finished dumping that much anyway is beyond me.