What is certain is that they have known for 3 years about the repayment of the note (25/6/18) and at the 11th hour (21/6/18) we get a trading halt pending an announcement obviously about debt repayment. Every quarter they forecast huge expenses but never anything about putting money aside for the repayment or what is being planned for the repayment.
We all know that they don't know how to communicate and market their asset and now we know that they cannot even do a budget or plan for future events...very frightening for a mining company
Great asset, hopeless management!!
CTL Price at posting:
0.9¢ Sentiment: None Disclosure: Held