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CTL

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0.9¢ centennial mining limited

15 August 2018, page-20

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270 Posts.

20/09/18

13:30

Post #: 35726546

Originally posted by meric ↑

Ian Gandel was a former director of Octagonal Resources.

I think he’s very invested financially and emotionally into the operation, he’s given a loan because he wants to keep the show going.

CTL knew it and used this to get a loan from him and keep the company running.

I don’t think they made a big plan to take the company from shareholders.

More likely they had no plan at all about finances that’s why we are here.

They overestimated their ability to raise finance at will, probably thought they can roll over the con note.

Expand

Hrm....

Column 1 Column 2

1 delisted from the close of trading today pursuant to Listing rule 17.11. 23/02/2016

2 we understand A1 Consolidated Gold Limited was successful with an offer of two of its own shares for every five ORS shares plus a cash distribution of $0.0055 per ORS share 23/02/2016

https://www.asx.com.au/documents/rules/Chapter17.pdf

https://hotcopper.com.au/threads/fa...olling-ongoing-disaster.2702971/#.W6MUAI5fi00

Edit: Also the debit was noted many times it wasn't unplanned it was said it was planned many releases by them state it and reserves.

	Column 1	Column 2
1	delisted from the close of trading today pursuant to Listing rule 17.11.	23/02/2016
2	we understand A1 Consolidated Gold Limited was successful with an offer of two of its own shares for every five ORS shares plus a cash distribution of $0.0055 per ORS share	23/02/2016