Is This Deceptive and Misleading Conduct Again, page-136

First 136 Last

Share
Profile

Follow
flyboy77

8,838 Posts.

408

07/09/18

10:29

Post #: 35461331
Share

Originally posted by groundswell ↑

Mate you need to stop accusing me of being associated with the company.

If you think getting cheap finance for a loss making small cap mining company with one years marginally economic ore reserve is an easy task you’ve got rocks in your head.

This is the spec end of the market and it’s high risk. You can’t go blaming everyone if things unravel. Management is a big part of the equation when you choose to invest in a spec. If you don’t like management then why invest. If you didn’t like what they were doing you could have taken you’re money out.

For me at the time the investment in the tailings dam seemed prudent. At the time I’d say they were pretty confident of getting into the victory stops sooner. Then ground problems. Things change.

Yes - I’d like to see an independent director back in the board. Yes I’d like to see far more comms to shareholders. Yes if a better funding deal is available I’d like to see it. I don’t think th last is possible. I think the first will happen but not in a timeframe we’d like. The second - who knows.

Expand

Yet, if you know as much about mining as you purport, you'd know that underground miners never 'bother' to convert resources to reserves until they're close to the point of mining those resources....

It's underground mining 101.

I've invested and worked in and around the spec end of the market for 25 years+, including small mining coys with u/g ops, never seen such a shamozzle as this one....fact.

CTL Price at posting: 0.9¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

BGL

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

PEC

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

MM1

Geochemical work at Newington picks up gold and copper anomalies for Midas