Letter from Santa to CTL Management, page-15

The last few posts are more the reality. Here's a few guesses since it's the only way we can approximate what is happening on the activities front in the last quarter. Mined say 30,000-35,000 tonne, got 4.5g/t Au for 4,600 oz sold @ $1720 for $7.9 mil...spent $7 -$7.5 mil (remember the loans alone cost us a small fortune) so cash goes up about 1/4 mil and gold inventory 1/4 mil. Why?
Because it makes us look profitable for the future, then there's a scurry of activity in January probably mining a rich narrow vein to pump things up. Answer to why? They'll proceed with the CR and we have to look good for that. Why the CR will proceed? well there's been some vivid descriptions of why already posted. The simple answer is to spend the money. (All my guesses written in total ignorance, so excuse me if I'm wrong, but I didn't have the information Kemo Sabe). I took up the last CR under the mistaken belief we would be generating free cash flow of $9 mil FY 2019...not this time under any circumstances..bring in the vivid descriptions.

I like Ozapp's thoughts..probably can't happen with voting power such as it is, but at the very least we need 4 Board members. Two must be independent and the chair must be independent carrying the casting vote.