Then why is the CGT board recommending the takeover?
Surely if all is OK then they would not be accepting a silly low ball offer. After all they are supposed to have enough cash on hand to get into production.
So either the Board is being offered something on the side for themselves by the takeover company or there is something seriously wrong here, ie very high cost and gold that is not easily found. A lot of money has already been lost on this mine.
loki
CGT Price at posting:
11.5¢ Sentiment: Hold Disclosure: Not Held
