The June Quarterly Financials should make interesting reading, there won't be much of the $6.4mill from Fortune Dubai left after paying out the $3.3mill "no interest" loan facility to CGN though they have tightened / reduced their spending. Fortunately the price of gold in US$ has fallen along with the A$ so if they have to buy the gold to repay the Fortune loan due in October 2015 it may not cost them anymore than US$130 / note equivalent in gold.
They should be able to hit the ground running once the $72mill is received in August, given all the prep work they have done.
DYOR My thoughts and ramblings only
CTO Price at posting:
2.6¢ Sentiment: Sell Disclosure: Not Held
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