this announcement starts at the bottom of page 6 and its all bad news imho. the rest of the announcement is just fluff designed to sugarcoat the bad news
the deep drilling program was supposed to start 2 months ago in May, but is only just getting started now. another self-imposed deadline is missed. hardly surprising given ctm's track record of delays upon delays with excuses that its always somebody else's fault and never theirs. they dont offer any excuse this time probably because they didnt want to draw attention to another missed deadline
the RC drill rig is no more which means all the greenfields drilling turned up dusters. only 3 diamond rigs are left for the deep drilling. what a sorry state of affairs given they openly state they have a strategy of continuing to grow the Jaguar Resource. if the drilling is being wound-up, it means they are conserving what little money is left. if they are saving money, then they should also start shedding the excess salaries they're paying like for the Exploration General Manager
these guys are big on the BS talk and small on delivering. if you ever want to invest in ctm, then going by the saying "actions speak louder than words" will save you a lot of pain
most of the long termers in here have dumped ctm and moved on. it looks like there's only 3 of us fools left including @Fitz65, @Montalbano and myself. instos are also seeing through ctm and dumping. both Regal Funds and Dundee Resources have recently just gone below 5% and if they keep dumping, it's gonna be a long painful demise
CTM Price at posting:
83.0¢ Sentiment: Hold Disclosure: Held
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