1. Why did they wait nearly two weeks until share price had crashed to 10c (well under net asset backing) before calling Trading Halt?
2. When did they know they needed to do a "significant" capital raise? Are management going to ask shareholders to approve a CR at current market cap?? Below net asset levels???
3. Why have management been spending so much money over past months on all sorts of unnecessary things when in such a fragile financial position such that some early unexpected low grades - over only a few weeks at most - crunch the whole company down to nearly nothing in value because of cash shortage??!
4. How can we trust management's judgment going forward on geology, mine plan, and - most importantly - risk and cash management?
5. Who is going to be held accountable for this mighty train-wreck of loss of shareholder value?
CGT Price at posting:
10.0¢ Sentiment: None Disclosure: Held
