Well, I don't think we're going to agree (yeah, I have an amazing ability to state the obvious).
I've said previously that I think the next four to five months will be the period where CTO must perform. All of the things they have been working towards over the past few years are coming together.
So, if we get to 31 October (ie. Sept quarter report) and there's no significant evidence of improvement, then I'll concede to you that it's unlikely to happen (at least with current management).
However, I've read a long way back (ten years) of this company's releases. IMO, they have never been in such a good position to perform (apart from their lack of cash).
If they can show production progress, I think the market will re-rate them. If the market re-rates them, they can raise a reasonable amount of capital without it being too dilutory.
So, let's see where we are in a few months' time.
CTO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
