I'll repost my thoughts on 26/2/10What is needed right now to...

I'll repost my thoughts on 26/2/10

What is needed right now to allay nervious shareholders is:

1 An update monthly on gold production to show clearly earnings are above expenses including any debt repayments and any above normal expenses.

2 A delay to opening other mines. The prior announcement was a shocker and a confidence killer and created a suspicion that the Warrior mine is not a long time goer.
What they are doing is a bit like a burglar on bail doing more robberies to pay for his upcoming fines.

3. A clear statement that they can meet any bills outstanding.

4. A contingacy plan to cover an expected shortfall in the SPP. Only a shareholder not looking at the current sp would pay 12 cents per share in the SPP.

re the MOU since this post. Where is the money from CTO coming from? An SPP and more dilution? Finding a brave financier? Cash wise CTO has been virtually running on empty lately and I would have thought their full attention should have been on getting the Warrior mine to full production and allaying fears about the wolf (suspension from trade) at the door.