I see from the Austar takeover announcement that the brief to the CTlL miners was to mine just over 500t/wk and get 1 gold bar a week. This is obscene. 1 gold bar is 400 troy oz which if they did this each week is worth $800,000/wk for $10.4 million a quarter.If true, I am disgusted in how shareholders have been abused. Also Is it correct the administrators get $2.25 million or does that include costs as well, though one imagines costs would only be a tiny percentage of this.
CTL Price at posting:
0.9¢ Sentiment: None Disclosure: Held