We over 30 years experience in the mining industry to spend money in such a manic way this year with apparently the wrong approach and with no regard to an impending debt obligation...all the time not updating shareholders who were concerned about the debt obligations as was the auditor....things don't add up and now conveniently for Gandel, he now owns the debt.
He had a representative on the board who also has mining experience and so in my mind they are all liable for negligence and they at least knew what was happening and must have given it the approval. How convenient for all of them.
CTL Price at posting:
0.9¢ Sentiment: None Disclosure: Held
