hmm cash burn and no gold to talk about, page-4

Hi Tricha,

I'd be surprised if CTO attempted to raise $50m in gold's weak season (June/July) although Stratovarious reckons it's on the cards??? Instead a small CAP raising to complete development / buy equipment for Stopes 2 and 3 would be better, wouldn't it? That could bring production up to 60k pa and cash-flow to start developing stopes 4, 5. The beauty is CTO have options and don't have to do a big CAP raising if conditions aren't right. I'd hate for them to do an "FML" and dilute the share registry far below recent prices. At least Mark Lynch owns a big chunk of the company and his interests are presumably aligned with ours. Well mine anyway, I guess you're not a shareholder anymore?