CTO have released their Half Year accounts.
Free of long term debt.
Current ratio 1.5
Current assets $8.9 mill
Interest bearing liabilities $2.6 mill
Investments $3.9 mill.
Looks like the Convertible Note is well covered.
Cash plus receivables $4.3 mill - looks like enough cash in hand to maintain Warrior OK with cash flow starting from gold sales.
Net assets increased from $155M in June to $162M in six months (+4.5%).
