When CTR took out the loan they honestly thought that LAR would have completed testing by this stage and Az5 would be in production meaning repaying the loan would not be an issue. However they did not bargain on LAR stalling and digging there heals in which has resulted in cost and time blow outs. Which would also give some credence to the rumours PL is heading over there to find out what is going on (why wasn't this done months ago?).
It also gives the gift of 65m shares to LAR some meaning as well as it seems like a desperate attempt to encourage LARand align their interests to speed up the process so they can be included in the share price appreciation returns on CTR that would eventuate. However in doing that they should definitely have put those gifts shares to LAR in escrow for a minimum of 6 months or upon the completion of Az5. As just giving them as a gift to be distributed piece meal and sold off at will seems a bit counter productive.
Perhaps it is only poor but honestly trying management.
CTR Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
(20min delay)