Fat Profits stuffed up.
1 - Big problems with their decline, resulting in delays and cash burn.( hence management change)
2 - Gold grade got down graded 6 months before.
3 - No decent new Gelogical strike with top notch new geo.
4 - New CEO did not purchase any shares.
5 - The straw that broke the horses back, was going to CBA to borrow 8 million, when they should have been earning heaps.
Sorry writing on the WALL long before.
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CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
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