Can anybody else smell the stench. Why in ones right mind would you buy 8 million shares at a premium of 3 c to the market on a company that loses aprox 1000 an ounce on every oz produced, when you could soak up as many as you wanted at around 5c If you were stupid enough. The options, given CTO history are worthless as i cant recall any of the many options cto have issued as ever being converted. No notice of who the placement was to . Would not surprise me if they passed the hat around amongst themselves and placed them themselves just to try to trick a few more into parting with there hard earned , Dodgy brothers used car sales have got nothing on this lot. My opinion only and could be wrong. Do hope for holders though that a genuine takeover offer does eventuate and you get a decent premium to the current price.
CTO Price at posting:
6.0¢ Sentiment: None Disclosure: Not Held
