I believe a funding deal is about to be announced! I think it...

I believe a funding deal is about to be announced! I think it would have to be a takeover or some sort. If I was the Chinese, and I was risking my money, I would at least try to maximise my return if it means only a few more millions of dollars to buy CTO.

I think there is gold out there and the Chinese knows that too. And if they don't buy CTO while they are reporting only 2,553 ounces a qtr. it would cost them alot more, if the report is more like 1500 ounce atr. but that a side. the Chinese are cahsed up and in the last 12 months they ahev been moving slowly in to CTO. and I think it was early last year, that a friend of mine was telling me that one of his contacts in the mines was saying, some chinese people were inspecting the mine sites, and it was only a few weeks later that we saw some funding deal come thru. So i think 12 months is a long time, and before end of this fin year, they are going to make thier move.