What is needed right now to allay nervious shareholders is:
1 An update monthly on gold production to show clearly earnings are above expenses including any debt repayments and any above normal expenses.
2 A delay to opening other mines. The prior announcement was a shocker and a confidence killer and created a suspicion that the Warrior mine is not a long time goer. What they are doing is a bit like a burglar on bail doing more robberies to pay for his upcoming fines.
3. A clear statement that they can meet any bills outstanding.
4. A contingacy plan to cover an expected shortfall in the SPP. Only a shareholder not looking at the current sp would pay 12 cents per share in the SPP.
CTO Price at posting:
8.9¢ Sentiment: Hold Disclosure: Held
