2009 agm, page-9

I have been working in mining, and particularly gold, for nearly 40 years and am one of many CTO investors who have been misled by our current directors.

Since February, when I noticed that the directors had misled the ASX, I have been researching how to use the 2009 AGM to end dodgy legal tricks used to maintain the deception that current directors are competent and acting in the interests of shareholders.

My research has found plenty of evidence that two of them were unfit to direct CTO as far back as at least 2002. Despite the efforts of many to get them to admit what may have once been honest errors, John Foley and possibly Mark Lynch, are still unable to admit that they have knowingly put their own interests ahead of shareholders.

I am sure others in this forum have more such evidence and I'll mention my latest example in my next post.

Hence the first things we need are not more evidence but honest and competent candidates to replace at least two of the incumbents. I already have one nominee, a mining professional with years of experience at Charters Towers. I know of others worth nomination, including some CTO shareholders associated with www.goldnerds.com and who led the previous move to replace at least John Foley. I am sure that if we are serious, we could have at least three willing to nominate in time and John Foley may even decide to retire!