The letter to shareholders and option holders states that from tomorrow to check the website of centennial mining and KordaMentha.
They are going to do a valuation in liquidation which is what will happen if we object to no consideration for our shares. In this market liquidation would be much better for us and it denies those that caused this company to fail to walk away with it for peanuts.
Even KordaMenta described Gandel as thinking that he owned "all or substantially all of the assets" and when you think that he did drilling at the A1 mine in early 2019...treating it like his own private company even then.....makes me mad
With gold expected to rise even further liquidation may be good for us.....mines and mill going cheap....they would have to get at least $10-$15m maybe even a lot more.
Anyone have any idea of what we may achieve in liquidation...
CTL Price at posting:
0.9¢ Sentiment: None Disclosure: Held
