If you care to look up the current status of all of the OKAP ASX listed companies you will find the following:
Continental Coal CCC suspended June 2015
Black Mountain BMZ suspended September 2015
Kaboko Mining KAB suspended August 2015
Ausamerican Mining AIW (code change to ARK) suspended August 2015
International Goldfields IGS Still trading at 0.2 cents. Started at 10c
Citation Resources CTR taken over by Turco January 2016
What this tells me is that OKAP's business model has collapsed. Where they will go from here I have no idea.
It also tells me that anyone who invested (punted) in anything to do with OKAP has lost heavily and hence
the reason why some have suggested caution in trusting any of your hard earned to anything to do with this group.
Back to Citation.
Are you suggesting that OKAP didn't benefit from getting into Pearl and wasn't it a logical extension to the OKAP business
model given that Texas, like Atzam, appears dead in the water? Perhaps we shall know more when the
next quarterly comes out and when we may find out the costs of the latest CTR refinancing.
Don't forget that no matter the current situation the Pearl deal was set up by Okap.
What is the future of CTR. I suspect we will have to wait until we find out:
a. If the Pearl technology is proven and if not how long is it likely to take?
b. Is Centricity Corporation Limited a real company. I have emailed Turco and co
to see if they can give me any leads?
c. Is the $100m loan for real or will it just vaporise?
CTR Price at posting:
7.0¢ Sentiment: Sell Disclosure: Held
(20min delay)