CTN 0.00% 0.4¢ catalina resources ltd

Ann: Oversubscribed Placement Raises $2.95 million, page-37

  1. 568 Posts.
    lightbulb Created with Sketch. 55
    Agree "One with Brains ",

    The future for this hang entirely on Tassie IO mine getting up and running.

    The Lithium & Gold prospects are just noise ,and the chances of either getting monetised positively are heavy odds against.
    According to Rick Rule ( Sprott ) the chances of getting a discovery into production ,at bes,t are circa 300/1.

    So exploration companies in Australia are life style cash boxes for directors & managers
    funded mostly by gullible retail investors who love the blue sky stories promoted with " plat du jour ".

    I supported this story foolishly as a Tassie native.

    If & when Nelson Bay gets up again there might be some juice inside the story.

    But right now who knows with this mob how things will unfold
    & time frame is a complete lottery.

    Best from Sunny CH.

    S.G










 
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