Mate you need to stop accusing me of being associated with the company.
If you think getting cheap finance for a loss making small cap mining company with one years marginally economic ore reserve is an easy task you’ve got rocks in your head.
This is the spec end of the market and it’s high risk. You can’t go blaming everyone if things unravel. Management is a big part of the equation when you choose to invest in a spec. If you don’t like management then why invest. If you didn’t like what they were doing you could have taken you’re money out.
For me at the time the investment in the tailings dam seemed prudent. At the time I’d say they were pretty confident of getting into the victory stops sooner. Then ground problems. Things change.
Yes - I’d like to see an independent director back in the board. Yes I’d like to see far more comms to shareholders. Yes if a better funding deal is available I’d like to see it. I don’t think th last is possible. I think the first will happen but not in a timeframe we’d like. The second - who knows.
CTL Price at posting:
0.9¢ Sentiment: None Disclosure: Held
