Blueboy, Looking at the financials they had $6mill at the end of...

Blueboy, Looking at the financials they had $6mill at the end of December which is probably enough to cover them maybe till June if they can get gold production back to 2,000oz / quarter. Lion Gold could increase their holding by 2.2% to 19.99% say approx 30,000,000 shares at 5c which would give them about another $1.5mill of cash.I just cannot see Lion Gold wanting to do that, I still feel they will show there hand the closer we get to the end of the financial year and CTO are cash strapped with their backs to the wall. However CTO may just find the mother-load at the end of the rainbow.
The next quarterly due at the end of April will certainly tell us how things have progressed, no doubt LG already have a good idea on gold produced for this quarter.Personally 2,000 ozs this quarter may be a pipe dream based on the cut to worker numbers.Who knows what is going on behind the scenes as we all are aware updates to the market and shareholders are scarce as hens teeth.All we hear is there are new director appointments and negotiations with interested parties are progressing and have been for years.

DYOR My thoughts and ramblings only.